Half-year profit rises 85%; September-quarter profit falls to Rs 1.57 lakh
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For the quarter, revenue fell 2.0% to Rs 825.02 lakh from Rs 841.96 lakh, and profit after tax dropped to Rs 1.57 lakh from Rs 8.20 lakh. For the half-year, revenue rose 22.0% to Rs 1,969.53 lakh and profit after tax rose 85.3% to Rs 19.85 lakh; earnings per share was Rs 0.33. Cash generated from operations was positive at Rs 161.72 lakh. The auditor's limited review found no material misstatement.
Shareholders may welcome 85% half-year profit growth, but quarterly profit fell 81% to Rs 1.57 lakh and margins narrowed, limiting near-term upside.