Q2 consolidated profit jumps 237% as revenue rises 13%
ONWARDTEC · price
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On the reaction day the stock moved 4.3 pts less than Nifty Microcap 250 and 4.4 pts less than its IT Enabled Services 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 rose 13% to Rs 13,896.89 lakh and net profit jumped 237% to Rs 1,193.92 lakh. Six-month profit rose 132% to Rs 2,467.01 lakh. The operating margin before depreciation and finance costs improved to 14.3% from 6.5%. Operating cash flow was positive at Rs 3,502.46 lakh.
Positive for shareholders on stronger earnings and cash flow, but Europe sales fell and USD 1.26 million is frozen in a US legal case.