Q2 revenue up 42%, H1 profit up 54%; 14 MWp solar and employee options approved
GOKULAGRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 0.4 pts more than its Edible Oil 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 revenue rose 41.6% year on year to Rs 7,481 crore and net profit rose 21.3% to Rs 150 crore. April-September revenue grew 10.4% to Rs 12,763 crore, while profit rose 53.5% to Rs 274 crore; EPS was Rs 9.11. Derived EBITDA margin improved to 3.9% for the half year but slipped to 3.7% in Q2 from 4.1%. The board approved 14 MWp solar capacity for Rs 38 crore and granted 847,800 employee options at Rs 50.
Profit growth supports sentiment, but mixed margins, Rs 38 crore solar spending and possible dilution from employee options may weigh on the stock.