Q2 revenue falls 3%, profit rises 93%; Palghar unit to be shut
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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 1.2 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Group Q2 revenue fell 3.2% to Rs 168.87 crore, while profit attributable to shareholders rose 93% to Rs 8.09 crore. First-half revenue fell 19.7% to Rs 314.13 crore, but profit rose 70% to Rs 13.94 crore. Cash from operations was negative Rs 52.71 crore, and auditors raised no material concerns. Standalone results include a Rs 4 crore exceptional charge. The loss-making Palghar unit is being shut.
Profit rose, but falling sales, margin compression and cash burn are concerns. Palghar closure may cut losses, while funding and dilution add risk.