Quarter revenue drops 48% and profit after tax slips 44%
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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 0.7 pts more than Nifty Microcap 250 and 1.5 pts more than its Aluminium peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Quarter revenue from operations fell 48% to Rs21.79 crore from Rs41.88 crore, with total income of Rs21.83 crore. Profit after tax declined 44% to Rs0.50 crore from Rs0.90 crore. Half-year revenue was Rs50.44 crore and profit after tax Rs0.87 crore. The company used Rs4.67 crore of cash in operations, while borrowings rose to Rs23.17 crore from Rs19.10 crore at March-end.
Lower profit and cash used in operations may pressure the share price, while higher borrowings increase financial risk.