September quarter revenue up 24%; profit after tax up 46% on lower depreciation
THEJO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.1 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Audited standalone September-quarter revenue rose 24% to Rs 12,627.56 lakh and profit after tax rose 46% to Rs 1,722.98 lakh. Half-year profit after tax was Rs 2,665.59 lakh, up 15%. In the consolidated quarter, profit for owners rose 27%. The auditor highlighted a depreciation change that reduced the charge by Rs 337.31 lakh and lifted profit after tax by Rs 252.64 lakh. The audit opinion was not qualified.
Profit growth is positive, but Rs 252.64 lakh came from lower depreciation; investors should adjust earnings before judging the 46% rise.