September quarter profit rises, but financial risks remain
KECL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.1 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Revenue was Rs 142.11 crore, down 12% year on year. Standalone profit rose 20.5% to Rs 6.30 crore; consolidated profit rose about 91% to Rs 9.98 crore. The standalone review was qualified over possible extra losses on subsidiary dues. Auditors also flagged eroded net worth after excluding revaluation reserve, overdue creditor payments and a pending Rs 5.27 crore tax case. Continued operations rely on funding, asset sales and restructuring.
Profit helps, but the qualified review, eroded adjusted net worth and funding dependence may keep the stock volatile until asset sales reduce risk.