Q2 revenue up 65% and profit up 152%; board proposes 1:2 share split
SKMEGGPROD · price
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On the reaction day the stock moved 5.4 pts more than Nifty Microcap 250 and 4.6 pts more than its Meat Products including Poultry peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Standalone Q2 revenue rose 65% to Rs 20,621 lakh and net profit rose 152% to Rs 2,415 lakh. Consolidated revenue rose 58% and profit rose 188%. Half-year standalone profit was Rs 4,047 lakh, up 89%, but cash used in operations was Rs 910 lakh. The board also proposed splitting each Rs 10 share into two Rs 5 shares, subject to shareholder approval.
Strong sales and profit growth is positive, but negative operating cash flow is a concern. The split may improve retail participation.