Q2 revenue rises 20.7%; standalone profit rises 40.5%, comparatives restated
JSWSTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts less than Nifty 100 and 0.4 pts more than its Iron & Steel 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.
Unaudited Q2 consolidated revenue from operations was Rs 54,486 crore, up 20.7% year on year; net profit attributable to owners rose 13.5% to Rs 5,279 crore. Standalone net profit rose 40.5% to Rs 3,396 crore; its operating EBITDA margin widened to 17.52% from 15.12%. Consolidated H1 operating cash flow was Rs 17,672 crore. Comparatives were restated for merger effects. The auditor highlighted this; a related-party merger with BMM Ispat is pending.
Higher sales, profit and cash flow may support the stock, but investors should use restated figures and watch dilution from the Piombino merger.