Board approves Q2 results; revenue more than triples from last year and profit turns positive
AYMSYNTEX · price
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On the reaction day the stock moved 0.4 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved consolidated unaudited results. Q2 revenue was Rs 35,510 lakh versus Rs 10,241 lakh, and net profit was Rs 1,498 lakh versus a Rs 39 lakh loss. Half-year revenue was Rs 67,563 lakh versus Rs 63,512 lakh, while profit was Rs 2,364 lakh versus a Rs 395 lakh loss. Results included Rs 833 lakh of storm losses and a Rs 1,395 lakh tariff refund. Operating cash flow was Rs 4,630 lakh. The review found no issue.
The profit turnaround is positive for shareholders, but one-off gains, storm costs and the revenue swing make near-term earnings uncertain.