Praj Q2 revenue edges up; H1 profit rises 41%, but operating cash flow is negative
PRAJIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.7 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Group Q2 revenue was Rs 8,489.9 million, up 0.9% year on year, and profit after tax rose 20.1% to Rs 231.7 million. For the half year, revenue rose 5.6% to Rs 15,648.1 million and profit after tax rose 41.2% to Rs 347.7 million. Group operating cash flow was negative Rs 82.7 million, while company-only operating cash flow was positive Rs 163.1 million. Company-only Q2 revenue fell 4.9%. FY26 had a one-time Rs 263.8 million employee-benefit charge under new labour rules.
H1 profit growth helps, but negative group operating cash flow and lower company-only Q2 revenue may weigh on the near-term share price.