Q2 revenue rises 45%, profit after tax rises 34%; borrowing limit proposed at Rs 2,500 crore
MANAKCOAT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 12.5 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 revenue rose 44.6% to Rs 318.69 crore from Rs 220.33 crore. Profit after tax rose 34.0% to Rs 18.79 crore from Rs 14.02 crore. Half-year revenue was Rs 580.83 crore and profit after tax was Rs 32.95 crore. Shareholders must approve a borrowing limit rise from Rs 1,000 crore to Rs 2,500 crore. The MCMIL ticker change awaits exchange approval. Promoter warrants and share allotments were disclosed.
Profit growth helps, but the higher limit may lift debt and interest costs. Borrowing needs shareholder approval; the ticker needs exchange approval.