Quarter profit up 26% on 20% revenue growth; six-month profit down 4%
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Q2 revenue from operations rose 20.3% to Rs 113.73 crore and profit after tax rose 26.3% to Rs 14.56 crore. For the six months, revenue grew 16.6% to Rs 174.10 crore but profit fell 3.7% to Rs 11.88 crore. Six-month pre-tax profit included a Rs 6.41 crore exceptional purchase tax incentive gain. Six-month operating cash flow was Rs 21 crore. The Board also seeks shareholder approval for material related-party transactions with Seshasayee Paper and Boards.
Quarterly profit and cash flow improved, but six-month profit fell and a one-off tax incentive gain supported reported earnings.