Yet the bottom line refuses to settle into a single figure. Consolidated net profit appears as Rs 122.3 crore in one report, a 16.7% year-on-year increase. Another source records consolidated PAT at Rs 91 crore, up just 3.79%, while standalone net profit reached Rs 110 crore, a roughly 53.2% jump from Rs 71.8 crore a year earlier. The standalone number also marks a sharp rebound from a Rs 163.19 crore loss in the prior quarter, which had been distorted by fair-value accounting changes.
The divergence matters. Consolidated gross profit surged 92.8% to Rs 100 crore, yet the lowest consolidated PAT figure grew only 3.79%. That gap points to costs below the operating line—likely higher depreciation, interest, or tax charges—that diluted the operating gains. Investors who focus solely on the headline profit jump risk missing the uneven translation of margin strength into net earnings.
The market's reaction added another layer. On results day, July 22, the stock fell 1.01% to Rs 598.85. By the next morning, the mood had flipped: shares opened with a gap up and surged as much as 13% to an intraday high of Rs 675.90, with traded value reaching Rs 362.85 crore. The stock outperformed its sector by 5.74 percentage points and traded above all major moving averages.