Q2 profit falls 49.7% as margins narrow; H1 revenue rises 17.9%
TBZ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 5.3 pts less than its Gems Jewellery And Watches 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 FY27 revenue was Rs 705.35 crore, up 2.5% year on year, but gross margin fell to 14.2% from 16.9%. EBITDA margin declined to 6.7% from 9.2%, while profit fell 49.7% to Rs 15.43 crore. Standalone H1 revenue rose 17.9% to Rs 1,546.33 crore, but profit fell 6.5% to Rs 48.28 crore. Consolidated cash used in operations was Rs 28.79 crore. GRT's controlling-stake purchase and open offer at Rs 249.61 remain subject to conditions.
Weaker margins, profit and cash from operations are concerns, while GRT's proposed open offer at Rs 249.61 may support the share price.