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.