Q2 revenue rises 24%, but profit falls and H1 cash flow turns negative
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 3.9 pts more than Nifty Midcap 150 and 3.6 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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Consolidated Q2 revenue rose 23.8% year on year to Rs 5,896.51 crore, but earnings before interest, tax, depreciation and amortisation fell 2.1% to Rs 1,128.74 crore. Profit after tax declined 15.0% to Rs 263.46 crore. In H1, revenue rose 20.8%, profit after tax fell 16.7% to Rs 794.58 crore, and consolidated operating cash flow was negative Rs 629.30 crore. Auditors raised no review issues.
Revenue growth did not translate into profit growth. Margin compression and negative H1 operating cash flow may weigh on sentiment despite low leverage.