Outcome of Board Meeting
ADVAIT · price
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The Board approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 (ended September 30, 2025). Standalone revenue from operations nearly doubled YoY to ₹9,546 lakh (vs ₹4,759 lakh), with PAT rising ~85% to ₹1,029.86 lakh and basic EPS at ₹9.43 (vs ₹5.31). Consolidated revenue surged to ₹15,895 lakh (vs ₹4,720 lakh) and PAT climbed to ₹1,111 lakh (vs ₹402 lakh), driven by the New & Renewable Energy segment. The NRC also approved 518 ESOP grants at ₹10 per share and allotted 1,408 equity shares on conversion of warrants (priced at ₹1,776 per share). Additionally, Mr. Narayan Singh (Chartered Accountant with 12+ years experience) was appointed as the new CFO effective November 16, 2025, replacing Ms. Rejal Sheth who resigned. Prior period figures were restated following a change in joint venture accounting policy from proportionate consolidation to the equity method (per Ind AS 28).
Very strong topline and bottomline growth (revenue and PAT nearly doubling/tripling YoY) signals robust business momentum, likely to be viewed positively by the market. CFO transition appears routine and the new CFO brings relevant finance and restructuring experience. The restatement is a technical accounting change and does not affect underlying business performance.