Q2 revenue rises, but new subsidiary turns consolidated result into loss

Emphasis Of MatterRevenue Growth 20pctPat Growth 25pctPat NegativeResults View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-7.6%Reaction day

₹303.10

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Auto Components & Equipments peers, median of 122sector+0.8%-8.4% vs sector

On the reaction day the stock moved 8.4 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-7.6pendingpending+0.8-8.4

Next day

—————

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 122Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Standalone Q2 profit after tax jumped to Rs 1,027.09 lakh from Rs 140.78 lakh, with revenue up 56%. Consolidated Q2 revenue rose 13%, but profit after tax was a loss of Rs 99.93 lakh as the Saudi subsidiary lost Rs 1,127.02 lakh. H1 consolidated revenue rose 22%, but profit after tax was a loss of Rs 6.65 lakh. Operating cash flow was positive Rs 314.98 lakh. First-time consolidation limits comparisons. Review was unmodified.

Likely market impact

Revenue growth and positive cash flow help, but the subsidiary loss erased group profit and left six-month earnings negative, a concern for shareholders.