Q2 profit after tax rises 28%; Amit B. Kalyani becomes Chairman
KSL · price
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Standalone Q2 revenue rose 8.4% year on year to Rs 4,943.81 million and profit after tax rose 28.2% to Rs 792.17 million; earnings per share was Rs 18.15. Consolidated profit after tax rose 27.7% to Rs 798.66 million. Standalone H1 profit after tax was Rs 1,468.23 million, with operating cash flow of Rs 812.96 million. Auditors gave an unmodified review. B.N. Kalyani retired as chairman and director; Amit B. Kalyani took over as chairman on October 29.
Strong profit and cash flow support shareholders. Chairman succession aids continuity, though the founder's exit may raise governance concerns.