Q2 profit jumps sharply; Rs 3.60 per share interim dividend declared
DCMSHRIRAM · price
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On the reaction day the stock moved 2.8 pts more than Nifty Smallcap 250 and 1.9 pts more than its Diversified peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Consolidated Q2 operating revenue rose 9.7% to Rs 3,432.43 crore and net profit jumped to Rs 158.72 crore from Rs 62.92 crore. H1 net profit was Rs 272.54 crore versus Rs 163.22 crore. EBITDA rose to Rs 407.93 crore from Rs 235.08 crore. Other income included Rs 76.02 crore of Gujarat incentives. The board declared a 180% dividend of Rs 3.60 per share, totaling Rs 56.14 crore.
Strong profit growth and the dividend may support sentiment, but higher incentive income and seasonal segment swings warrant caution.