Q2 profit falls 32% on lower revenue; Gatil merger approved

Revenue DeclineNegative Operating CashflowResults View source PDF Explain this filing

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

+0.5%Reaction day

₹838.65

prior close

₹826.75

announcement price

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timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.7%+2.2% vs market

Residential Commercial Projects peers, median of 59sector-1.9%+2.4% vs sector

On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250 and 2.4 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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+0.5-1.7+2.2-1.9+2.4

Next day

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 59Pending

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AI summary

Standalone Q2 revenue fell 57% to Rs 103.95 crore and profit 63% to Rs 57.04 crore. Consolidated revenue fell 27% to Rs 174.21 crore and profit 32% to Rs 108.09 crore. Half-year operating cash flow was negative Rs 228.63 crore. The board approved merging wholly owned Gatil Properties, with no cash or new shares, subject to approvals.

Likely market impact

Falling revenue, profit and operating cash flow weigh on sentiment. The merger may improve efficiency without new shares, but needs approval.