OCEANIC FOODS Q2 : STANDALONE NET PROFIT UP 48.6% AT 2.45 CR (YOY), UP 10.8% (QOQ). GOOD (ON 1ST LOOK)

• Revenue down 7.3% YoY at ₹41.58 Cr, up 1.5% QoQ. • Cost of materials consumed fell to ₹26.00 Cr from ₹33.33 Cr YoY, aiding profitability. • EPS at ₹2.17 vs ₹1.46 YoY and ₹1.96 QoQ; H1 EPS at ₹4.14. • Caution: other income down to ₹2.24 L from ₹24.56 L QoQ as prior quarter included ₹22.47 L profit on asset sale. Impact: Standalone net profit rose 48.6% YoY to ₹2.45 Cr despite lower revenue, helped by lower material costs; other income normalization is a watch point.

Oceanic Foods Ltd

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