Q2 revenue rises 3%, but profit falls 21% and margins narrow
20MICRONS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 15.9 pts less than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Consolidated Q2 revenue rose 3.2% to Rs 23,815.54 lakh, but profit after tax fell 21.4% to Rs 1,364 lakh and earnings per share declined to Rs 3.87. The margin before interest, tax, depreciation and amortisation fell from about 14.5% to 12.2% of sales. For the half year, revenue edged up 1.0% to Rs 48,287.56 lakh, while profit after tax fell 8.3% to Rs 3,138.41 lakh. Operating cash flow remained positive but fell to Rs 2,452.08 lakh.
Lower profit and weaker cash generation may weigh on sentiment, though positive operating cash flow and lower finance costs offer some support.