Q2 revenue rises 34.6%, but half-year profit and cash flow decline
HAVELLS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts more than Nifty Midcap 150 and 2.5 pts more than its Consumer Electronics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 FY27 revenue rose 34.6% to Rs 6,417 crore and EBITDA rose 30.5% to Rs 576 crore. EBITDA margin eased to 9.0% from 9.3%, while net profit rose 11.1% to Rs 353 crore. For H1, revenue rose 26.7% to Rs 12,927 crore, but net profit fell 2.8% to Rs 651 crore and operating cash flow was negative Rs 160 crore. The prior-year quarter included a one-time Rs 45.27 crore property sale gain.
Strong sales growth is positive, but softer margins, lower half-year profit and negative operating cash flow may limit near-term stock upside.