Q2 profit falls 60% as revenue drops 54%; half-year cash flow is negative
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Kretto Syscon reported unaudited Q2 revenue from operations of Rs 19.74 lakh, down 54% from Rs 42.87 lakh a year earlier. Profit after tax fell 60% to Rs 8.85 lakh. For April to September, revenue dropped 91% to Rs 39.25 lakh and profit after tax declined 92% to Rs 19.11 lakh. Operating cash flow was negative Rs 37.16 lakh.
Weak sales, lower profit and negative operating cash flow may pressure the stock, though the company remained profitable in the quarter.