Foseco India (500150) Q2 2024 earnings summary

Executive summary

• Q2 revenue was Rs 12,501.47 lakh; net profit was Rs 1,850.31 lakh, compared with Rs 2,766.46 lakh in Q2 2023, which included a lease-surrender gain.

• H1 revenue was Rs 24,756.67 lakh and net profit was Rs 3,435.03 lakh; H1 2023 net profit included the same one-time gain.

Financial highlights

• Q2 revenue from operations increased to Rs 12,501.47 lakh from Rs 12,095.41 lakh YoY; H1 revenue rose to Rs 24,756.67 lakh from Rs 23,189.91 lakh.

• Q2 profit before exceptional items and tax was Rs 2,497.24 lakh versus Rs 2,184.25 lakh; H1 was Rs 4,623.37 lakh versus Rs 4,098.07 lakh.

• Q2 net profit was Rs 1,850.31 lakh versus Rs 2,766.46 lakh; H1 net profit was Rs 3,435.03 lakh versus Rs 4,190.12 lakh, with prior-year comparisons including a lease-surrender gain.

Segment performance

• One reportable segment: metallurgical products and services.