Q2 revenue down 10.5%, profit down 15.9%; cash outflow persists
JTLIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.2 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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The Board approved unaudited Q2 and half-year results. Consolidated Q2 revenue was ₹429.30 crore, down 10.5%, and profit was ₹22.16 crore, down 15.9%. Half-year revenue was ₹973.16 crore, down 2.2%, and profit ₹38.71 crore, down 32.2%. Operating cash outflow was ₹80.32 crore. The limited review found no material misstatement. The company also forfeited ₹168.75 crore linked to 2.5 crore warrants.
Falling sales and profit plus continued operating cash outflow may pressure sentiment and the stock.