September quarter profit improves; Rs 764 crore capacity expansion approved
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▲ 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 Nifty Microcap 250 and 2.3 pts less than its Petrochemicals 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 13.8% year on year to Rs 4,475.71 crore. Profit attributable to owners rose 65.1% to Rs 106.01 crore; total profit was Rs 130.32 crore against a Rs 154.94 crore loss. Nine-month profit was Rs 98.22 crore against a Rs 316.25 crore loss. The review was unmodified, but noted Russian regulatory and sanctions uncertainties. The Board approved Rs 757 crore of cement expansion and a Rs 7 crore solar project.
Profit recovery and capacity expansion may support growth, but Rs 764 crore spending, debt funding and Russian compliance issues remain risks.