Q2 profit rises 34%; Rs 3,600 crore expansion approved
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The Board approved unaudited Q2 and half-year results. Consolidated Q2 revenue rose 48.8% to Rs 6,872.20 crore and profit increased 33.9% to Rs 341.94 crore. Half-year revenue was Rs 11,375.70 crore and profit Rs 658.69 crore. Prior periods were restated after MCFL merged. The auditor gave an unmodified review.
Strong sales and profit growth is positive, but restated comparisons and Rs 3,600 crore of planned spending add execution and funding risk.