Q2 revenue rises 40%, but profit and margins fall
FORCEMOT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.5 pts less than its Passenger Cars & Utility Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board-approved unaudited results: Q2 revenue rose 40.5% to Rs 2,924.66 crore, but profit after tax fell 16.2% to Rs 293.91 crore and the margin before interest, tax, depreciation and amortisation narrowed from 18.6% to 16.4%. H1 revenue rose 22.5% to Rs 5,364.67 crore; profit after tax was Rs 510.50 crore and operating cash flow was Rs 759.52 crore. A one-time Rs 85.46 crore prior-period tax benefit and the Veera Tanneries acquisition limit comparison.
Strong revenue and cash flow support the business, but lower profit and a narrower margin may weigh on shareholder sentiment and the share price.