Q2 revenue rises 35%, but half-year profit slips and cash flow stays negative
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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Consolidated Q2 revenue rose 34.6% year on year to Rs 6,431.99 crore, while profit rose 9.7% to Rs 349.22 crore and earnings per share reached Rs 5.57. Half-year revenue increased 26.5% to Rs 12,950.18 crore, but profit fell 4.0% to Rs 638.93 crore; the prior period included a Rs 45.27 crore land-sale gain. Cash used in operations fell to Rs 162.30 crore from Rs 378.68 crore. The auditor gave an unmodified review.
Sales growth and an unmodified review support sentiment, but margin compression, lower half-year profit and cash outflow may cap gains.