Net Sales has increased by 15% YoY to ₹4,522 crores. Cement Revenue has increased by 13% and Ready Mix Concrete improved by 53% YoY. Profit after Tax fell by 60% YoY to ₹227 crores for Q2 FY 2022. Total Expenses rose by 33% and Net Cash Flow from Operating Activities fell by 280% to a negative ₹757.05 crores.
Inventories grew 60% YoY to ₹2034.12 crores but Profit Before Interest & Tax (PBIT) fell by 60% YoY to ₹300.54 crores. For Q2 FY2022 Basic and Diluted w.r.t FV EPS fell by 60%. The management has shared that inflationary pressures and rising fuel costs are the reasons for the losses in this quarter. Along with that, management has a positive outlook for demand in the coming months.
Most Popular
Cochin Shipyard Ltd (COCHINSHIP) Q4 FY22 Earnings Concall Transcript
Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah
All you need to know about Antony Waste Handling Cell in one article
Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?
Demystifying the Leading Non-Ferrous Recycling Company of India
“Hey, how is the market doing today?” “Oh!, its falling tremendously since morning” I am sure news like these might be a common topic of discussion for you nowadays. Interestingly,