Consolidated Q2 turns profitable; standalone loss and negative H1 cash flow persist
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On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.5 pts less than its Media & Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 consolidated revenue was Rs 497.81 crore versus Rs 425.27 crore a year earlier; owners' profit was Rs 40.68 crore versus a Rs 95.84 crore loss, with operating margin at 24.13% versus negative 7.86%. Standalone Q2 posted a Rs 70.12 crore loss. Group H1 owners' profit was Rs 188.71 crore, but operating cash outflow was Rs 81.47 crore. Standalone H1 included a Rs 587.01 crore Eenadu valuation gain. A Rs 25 crore IBN Lokmat purchase was approved.
Q2 group gains may lift sentiment, but the standalone loss, negative cash flow and one-off valuation gain are risks.