Q2 revenue falls 25% as net loss narrows to Rs 24.45 crore

Revenue DeclinePat NegativeEbitda Margin ExpansionNegative Operating CashflowResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-2.0%Reaction day

₹675.40

prior close

₹670.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-1.8% vs market

Pesticides & Agrochemicals peers, median of 26sector-0.2%-1.8% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.8 pts less than its Pesticides & Agrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Pesticides & Agrochemicals peers, median of 26Pending

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AI summary

Standalone Q2 revenue was Rs 73.72 crore, down 25.2 percent from Rs 98.55 crore, while the net loss narrowed to Rs 24.45 crore from Rs 38.57 crore. Half-year revenue fell 1.9 percent to Rs 164.80 crore, and the net loss narrowed to Rs 57.51 crore from Rs 78.31 crore. Q2 operating margin improved to minus 9.06 percent from minus 20.02 percent. The auditor reported an unmodified opinion. Half-year operating cash flow was negative Rs 14.89 crore.

Likely market impact

Lower sales and cash burn are concerns, but a narrower loss and better margin may help sentiment. The rights issue diluted existing holders.