Outcome of the Board Meeting for the approval of Unaudited Standalone and Consolidated Financials of the Company.
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The board approved the unaudited financial results for H1 FY26 (half year ended September 30, 2025), with statutory auditors K.S. Shah & Co. issuing an unmodified limited review opinion. Revenue from operations fell to Rs 2,633.75 lakhs from Rs 2,789.88 lakhs in H1 FY25, a decline of about 5.6%. Profit after tax collapsed sharply to Rs 39.45 lakhs from Rs 331.30 lakhs in the year-ago period, while EPS dropped from Rs 4.60 to Rs 0.45. The Luggage division swung to a segment loss of Rs 150.72 lakhs, dragging down overall profitability, while the Board division remained profitable at Rs 192.30 lakhs. Operating cash flow turned negative at Rs -240.69 lakhs, and cash and bank balances plunged to Rs 12.70 lakhs from Rs 328.89 lakhs as on March 31, 2025.
Sharp profit decline, weak cash generation, and a loss-making Luggage segment point to significant margin pressure that may weigh on investor sentiment and the stock price in the near term.