Q2 FY27 profit falls; board plans up to Rs 49 crore rights issue
MADHAVIPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.8 pts less than Nifty Microcap 250 and 2.8 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 FY27 standalone revenue was Rs 9,893.79 lakh, down 5.2% from Rs 10,431.47 lakh a year ago, and profit after tax fell 12.3% to Rs 506.71 lakh. Half-year revenue fell 17.2% and PAT 25.0%. Consolidated Q2 revenue rose 24.8% but PAT dropped 70.3% to Rs 369.59 lakh. Half-year operating cash flow was positive at Rs 4,558.91 lakh. Board approved a rights issue of up to Rs 49 crore. Auditors flagged non-provision of deferred tax liability.
Lower profits and possible share dilution from the rights issue may weigh on the stock, though cash flow stayed positive.