September results show weaker profit and cash flow
OAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.4 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 standalone revenue rose 13.6% year on year to Rs 26,906.01 lakh, but net profit fell 58.7% to Rs 673.67 lakh. For the half year, consolidated revenue declined 10.1% to Rs 40,684.87 lakh and net profit fell 95.2% to Rs 124.23 lakh. The subsidiary operating the new Mahad plant lost Rs 601.68 lakh in Q2. Consolidated operating cash flow was negative Rs 3,042.10 lakh; auditors found no material issue.
Profit compression and negative cash flow may pressure the stock, while the new subsidiary continues to add losses.