Q2 profit drops 83% as sales fall 29% to Rs 3,372 cr
JINDALSAW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.4 pts less than Nifty Smallcap 250 and 4.8 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Standalone Q2 sales fell 29% to Rs 3,372 cr and net profit dropped 83% to Rs 79 cr, with EPS at Rs 1.24. H1 sales were Rs 6,672 cr, down 26%, and profit Rs 443 cr. Consolidated Q2 sales fell 24% to Rs 4,234 cr and profit fell 71% to Rs 139 cr. Operating margin fell to 5.3% from 14.8%. H1 operating cash flow was negative Rs 27 cr. Auditors flagged the JITF appeal over Rs 1,891 cr without changing their conclusion.
Weak sales and margins plus negative operating cash flow may pressure the stock; the Rs 1,891 cr JITF case adds risk.