Outcome of Board of Directors meeting

Revenue growth above 20%Profit growth above 25%EBITDA margin compressionNegative operating cash flowResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+1.2% vs market

Residential, Commercial Projects peers, median of 54sector-0.6%+1.7% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 1.7 pts more than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

The Board approved unaudited financial results for the quarter and half year ended September 30, 2025. Revenue from operations for Q2 FY26 grew about 58.7% year-on-year to Rs 1,495.63 lakhs, while H1 FY26 revenue rose around 53.3% to Rs 3,146.88 lakhs, driven by both the Construction and Manufacturing segments. Net profit for the quarter climbed roughly 31% year-on-year to Rs 68.77 lakhs (EPS Rs 0.40), taking H1 profit after tax to Rs 122.50 lakhs (EPS Rs 0.71, vs Rs 0.58 earlier). However, operating margin slipped to 8.29% from 9.90% a year ago, and operating cash flow turned negative at Rs -121.91 lakhs for H1 (vs a Rs 849.86 lakh inflow last year). Debt-equity ratio remains comfortable at 0.15.

Likely market impact

Strong revenue growth is a positive for the stock, but margin compression and the swing to negative operating cash flow flag working-capital stress and weaker earnings quality. Shareholders should track whether margins and cash flows normalise in the coming quarters before taking the revenue strength at face value.