Unaudited Financial Result for the quarter and half year ended 30-09-2025
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Ajanta Soya reported H1 FY26 revenue from operations of Rs. 65,900.71 lakhs, up 14.4% YoY from Rs. 57,589.84 lakhs. However, profit before tax fell 39.7% to Rs. 981.20 lakhs (vs Rs. 1,627.96 lakhs), and net profit dropped 42.7% to Rs. 704.74 lakhs (vs Rs. 1,229.60 lakhs). EPS for H1 stood at Rs. 0.88 vs Rs. 1.53 a year ago. The statutory auditors (TAS Associates) issued an unmodified limited review report with no qualifications. Cost of materials consumed rose 14.1% to Rs. 55,715.63 lakhs, squeezing margins. Operating cash flow turned sharply negative at Rs. (1,427.01) lakhs versus a positive Rs. 161.65 lakhs in H1 FY25, and cash & equivalents collapsed from Rs. 299.57 lakhs to just Rs. 6.02 lakhs.
Although topline growth was healthy, sharp bottom-line decline and EBITDA margin compression (from ~3.4% to ~2.0%) point to cost pressure. The swing to negative operating cash flow and near-empty cash balance raise near-term liquidity concerns; investors should watch working-capital trends and whether the company can restore cash generation in H2.