September quarter revenue up 68% but net profit nearly flat; 4 million tonne expansion approved
JSWCEMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts less than Nifty Smallcap 250 and 0.9 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The board approved September-quarter results: consolidated revenue rose 68.3% year on year to 1,912.15 crore, but total profit rose 3.0% to 77.63 crore. Half-year profit was 231.06 crore against a prior-year loss including 1,504.48 crore of exceptional charges. The review was clean. It approved a 2 million tonne per year addition at each of Vijayanagar and Dolvi, costing about 1,078 crore, and a 60 crore guarantee for a wholly owned subsidiary.
Revenue growth is positive, but margin compression and borrowing for expansion may pressure cash flow. The guarantee adds possible repayment risk.