Q2 net profit rises 29% as revenue falls 14%
BRIGADE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Unaudited Q2 consolidated revenue was INR 119,636 lakh, down 13.5% year on year, while net profit rose 28.5% to INR 21,882 lakh. In the first half, revenue fell 13.2% to INR 231,191 lakh and net profit rose 32.8% to INR 43,576 lakh. Operating cash flow was positive at INR 18,453 lakh. An INR 4,288 lakh exceptional gain helped first-half profit. The auditor highlighted legal and tax survey matters without modifying its conclusion.
Higher profit and positive cash flow support sentiment, but lower revenue and unresolved legal and tax matters remain risks.