September 2025 Q2 profit rises despite lower revenue
ACE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.1 pts less than Nifty Smallcap 250 and 5.7 pts less than its Construction Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Standalone Q2 revenue fell 1.7% year on year to Rs 741.14 crore, while net profit rose 10.1% to Rs 103.87 crore and the adjusted EBITDA margin improved to 14.94% from 14.32%. Half-year revenue fell 6.4%, but profit rose 12.7%. Consolidated Q2 profit declined 5.0% to Rs 90.06 crore. Standalone profit included a Rs 12.86 crore divestment gain.
Higher standalone profit and better margins are positive, but falling revenue, weaker consolidated profit and a one-off divestment gain temper the outlook.