Q2 net profit up 92%; Rs 20 crore Bosch joint venture approved

Revenue Growth 20pctPat Growth 25pctEbitda Margin ExpansionNegative Operating CashflowResults RestatedResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.0%Reaction day

₹2239.90

prior close

₹2245.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-3.7% vs market

Auto Components & Equipments peers, median of 122sector-0.3%-2.8% vs sector

On the reaction day the stock moved 3.7 pts less than Nifty Microcap 250 and 2.8 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+8.0

10m

+5.8

15m

+2.3

30m

-2.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.0+0.7-3.7-0.3-2.8

Next day

-9.4pendingpending-1.7-7.7

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15d

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UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 122Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Q2 standalone revenue rose 35% to Rs 1,585.03 crore and net profit rose 92% to Rs 53.41 crore. H1 standalone revenue rose 26% to Rs 2,965.46 crore and net profit rose 67% to Rs 90.45 crore, but operating cash flow was negative Rs 177.35 crore. The board approved Rs 20 crore for a 50:50 commercial vehicle air systems joint venture with Bosch and Brakes India. Prior consolidated figures were restated for the Forge 2000 merger.

Likely market impact

Strong sales and profit growth supports the stock, but negative operating cash flow and the Rs 20 crore investment may weigh on cash and execution.