Q2 net profit jumps; Rs 80 interim dividend declared
SHREECEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts more than Nifty 100 and 1.5 pts more than its Cement & Cement Products 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 17.4% to Rs 4,761.07 crore, while net profit jumped to Rs 309.82 crore from Rs 76.64 crore. EBITDA was Rs 1,152.88 crore and margin widened from 19.6% to 24.2%. H1 net profit was Rs 953.48 crore and operating cash flow Rs 957.65 crore. The board declared an Rs 80 interim dividend, payable 14 November to shareholders on the 3 November record date. It also recorded a one-time Rs 23.68 crore charge for transferring power assets.
Strong profit growth, higher EBITDA margin and the dividend support the stock, while the one-time charge and lower cash flow are watch points.