Results - Announcements
Visaka Industries Ltd share price ticked higher by 0.45% to Rs 86.88 after the company's net profit soared by 35.35% to Rs 71.3 crore, while revenue from operations dropped sharply 32.34% to Rs 399.24 crore in Q2FY27 over Q2FY26.
The market capitalization of Cement & Cement Products industry group stocks on BSE stood at Rs 9.75 lakh crore, slipping 4.76%. It has inched up 0.03% over last one week and softened by 1.11% in last one month while the market capitalization of Visaka Industries Ltd has improved by 1.06% and 9.06% in the same period respectively.
Profit before tax (PBT) of Visaka Industries Ltd stood at Rs 85.83 crore in Q2 FY27, crashing by 860.23% year-on-year, and rallying 21.54% quarter-on-quarter. EBITDA came in at Rs 36 crore, jumping 242.04% YoY and plunging by 59.95% sequentially.
Total expenses saw a steep drop of 26.56% to Rs 378.5 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 243.42 crore, easing 5.70% YoY, while employee benefits expense was at Rs 40.99 crore, dipping slightly 3.82% YoY.
For FY26, revenue from operations tick up 8.72% to Rs 1677.86 crore, while net profit plunged by 2935.88% to Rs 85.36 crore, compared to previous FY. EBITDA jumped by 9046% to Rs 133.1 crore, and PBT tumbled by 5457.50% to Rs 107.15 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 183.14 crore in FY26, as against Rs 114.05 crore in FY25.
Visaka Industries Ltd rallied 12.77% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 2.37% during the same period.