Half year profit rises 55 percent; operating cash flow turns negative
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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 less than Nifty Microcap 250 and 3.4 pts less than its Consulting Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board approved unaudited results. Quarter revenue was Rs 1,019.66 lakh and profit before tax Rs 163.90 lakh. For the half year, revenue rose about 14 percent to Rs 1,970.74 lakh from Rs 1,721.74 lakh, while profit after tax rose about 55 percent to Rs 325.58 lakh from Rs 210.38 lakh. Operating cash flow was negative Rs 157.70 lakh. The auditor found no material reporting concern.
Profit growth supports sentiment, but negative operating cash flow is a concern and could weigh on the stock.