Quarterly profit driven by one-off gains; Rs110 crore deposit extended
ZUARI · price
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Board approved unaudited results for the September quarter. Revenue fell year on year. Standalone profit was Rs306.56 crore and half-year loss Rs18.84 crore; consolidated profit was Rs305.56 crore and Rs840.36 crore. One-off gains of Rs1,168.96 crore standalone and Rs817.49 crore consolidated drove the quarter. Board sought one extra year for a Rs110 crore related-party deposit and approved a fresh Rs85 crore. Operating cash flow was negative.
One-off gains drove profit, but negative cash flow and the standalone loss show weak underlying performance. Deposit support signals funding needs.