Q2 revenue rises 28%, but higher tax and foreign-unit losses pressure profit
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▲ 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 less than Nifty Microcap 250 and 1.3 pts less than its Computers Hardware & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Standalone Q2 revenue rose 28.3% to Rs 13,087.07 lakh, but profit after tax fell 6.3% to Rs 1,863.84 lakh as tax expense rose sharply. Half-year revenue rose 16.3% while profit fell 24.6% and margins narrowed. Consolidated Q2 revenue rose 28.8%, but profit fell 29.4%. It also recorded Rs 3,120.11 lakh for intellectual property bought from a wholly owned subsidiary; operating cash flow was positive. The limited review was unmodified.
Revenue growth is positive, but tax, margin and foreign-unit pressure weaken earnings; shareholders should watch the large purchase from a subsidiary.