Camex reports strong Q2 growth but a half-year loss
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On the reaction day the stock moved 5.6 pts more than Nifty Microcap 250 and 6.1 pts more than its Commodity Chemicals 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, unaudited results show Q2 revenue of Rs 86.27 crore, versus Rs 40.91 crore a year earlier, and Q2 profit after tax of Rs 2.43 crore, versus Rs 1.40 crore. Q2 EPS was Rs 2.38. The newspaper table also lists half-year revenue of Rs 37.30 crore and a loss after tax of Rs 0.28 crore, versus Rs 45.36 crore and profit of Rs 1.04 crore last year.
Strong Q2 growth supports sentiment, but the reported half-year loss is a concern. The unaudited figures should be checked against the detailed results.