Second-quarter revenue and profit fall; disputed project receipts highlighted
GPTINFRA · price
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On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 1.2 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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GPT Infraprojects reported standalone second-quarter revenue of Rs 269.33 crore, down 4.1% from a year ago, and profit after tax of Rs 21.08 crore, down 2.7%. First-half revenue rose 12.0% to Rs 579.16 crore and profit after tax rose 11.4% to Rs 43.66 crore. Auditors highlighted arbitration over Rs 662.58 lakh due from a customer; no provision was made. The review conclusion was not modified.
Lower quarterly earnings and collection uncertainty may pressure the stock, though first-half profit rose 11.4% and operating cash flow turned positive.