Unaudited Q2 group sales rise 13%, but profit and company-only cash flow weaken
RAYMONDLSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.1 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Unaudited Q2 group sales rose 13.3% year on year to Rs 2,075.10 crore, but profit after tax fell 10.2% to Rs 67.53 crore. First-half group sales rose 10.0% to Rs 3,590.61 crore, while profit fell 18.8% to Rs 44.94 crore. Group first-half operating cash flow was Rs 13.28 crore. Company-only first-half profit fell 78.4%, operating cash flow was negative Rs 359.94 crore and operating margin narrowed to 7.92% from 10.01%. The review was unqualified.
Higher sales did not lift profit as margins and company-only cash flow weakened; borrowings may weigh on the stock despite the unqualified review.