September quarter profit falls 42%; half-year profit drops 56%
IGARASHI · price
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Igarashi Motors reported September-quarter revenue of Rs 219.14 crore, up 1.4% year on year, but profit after tax fell 41.7% to Rs 4.54 crore. Half-year revenue fell 3.3% to Rs 423.86 crore and profit dropped 55.8% to Rs 7.05 crore. Operating cash flow was negative Rs 23.16 crore. The auditors gave an unqualified limited review.
Lower profit and negative operating cash flow may weigh on sentiment, though quarterly sales edged up and the auditors raised no issues.