ARTSON Q2 : STANDALONE NET PROFIT TURNAROUND AT ₹2.01 CR (YOY), PROFIT VS LOSS (QOQ). MIX (ON 1ST LOOK)

Revenue down 19.6% at ₹38.68 Cr (YOY), up 48% (QOQ). Profit before tax at ₹2.72 Cr v loss ₹3.04 Cr (YOY); loss ₹0.77 Cr (QOQ). Eps ₹0.54 v -₹0.61 (YOY), v -₹0.11 (QOQ). Board extended maturity of ₹40.30 Cr partly secured loan from Tata Projects (holding company) from 20 years to 25 years, now due 2042. Caution: Q2 revenue includes ₹9.92 Cr claim recognised for additional project costs; company has significant accumulated losses, management relies on Tata Projects support letter for going concern.

Artson Ltd

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