SIL Q2 : CONS LOSS NARROWS 11.8% TO ₹5.87 CR (YOY), PROFIT VS LOSS (QOQ). WEAK (ON 1ST LOOK)

Revenue up 21.1% at ₹7.73 Cr (YOY), down 96.0% (QOQ) after ₹181.02 Cr property revenue in June quarter. Total income ₹6.54 Cr v ₹4.04 Cr (YOY); loss before tax ₹5.87 Cr v ₹6.65 Cr loss (YOY). June quarter profit was led by ₹181.02 Cr property division revenue from ₹169.51 Cr Dadar development rights assignment. Trading segment revenue ₹6.13 Cr with segment profit ₹0.33 Cr; manufacturing segment profit ₹0.67 Cr. Caution: auditor flagged ₹59.70 Cr investment in Standard Salt Works; no impairment provided.

Standard Industries Limited

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