Q2 revenue rises 74%, net profit jumps 314% on property sale gain
MKEXIM · price
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Standalone Q2 revenue from operations rose 74% year on year to Rs 3,123.45 lakh, while net profit jumped to Rs 987.42 lakh from Rs 238.29 lakh. Half-year revenue rose 31% to Rs 5,865.16 lakh and net profit increased 78% to Rs 1,638.35 lakh. Results included a one-time Rs 383.26 lakh gain from selling factory land and a building. Cash generated from operations was positive at Rs 1,153.56 lakh. The auditor found no material issue.
Strong sales and profit growth support the stock, but the Rs 383.26 lakh property sale gain makes reported profit higher than core earnings.