Q2 revenue falls 25%, but first-half loss narrows sharply
ASTEC · price
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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.
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Astec LifeSciences reported unaudited second-quarter revenue of Rs 73.72 crore, down 25.2% from Rs 98.55 crore. First-half revenue was Rs 164.80 crore versus Rs 167.92 crore. Standalone first-half loss narrowed to Rs 57.51 crore from Rs 78.31 crore, while operating margin improved to minus 10.72% from minus 39.29%. Operating cash flow stayed negative at Rs 12.77 crore. The auditor gave an unmodified opinion.
Losses narrowed and debt ratio improved after the rights issue, but falling revenue and cash burn remain concerns; the stock response may be mixed.