Q2 revenue up 23.9%, net profit down 14.2%; data centre deal approved
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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 1.6 pts less than Nifty Midcap 150 and 1.0 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved September-quarter results and a related-party purchase of a data centre unit and two subsidiaries for Rs 1 lakh on commercial terms. Targets are not operating. Completion: FY2026-27. Consolidated Q2 revenue rose 23.9% to Rs 7,517.74 crore, but net profit fell 14.2% to Rs 753.64 crore. H1 revenue rose 47.3%, while profit was nearly flat. Auditor attention centred on a US customs probe linked with a provision of Rs 294.78 crore.
Sales growth helps, but lower profit and US customs uncertainty are risks. The data centre deal offers future growth, though it is not operational.