Submission of Standalone unaudited financial results for the quarter ended 30th September 2025 along with limited review report issued by M/s Roshan Agarwal & Associates Statutory auditor ....
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Awaiting price reaction for this filing.
AMS Polymers reported Q2 FY26 revenue from operations of Rs 2,743.87 lacs, up about 8% from Rs 2,537.60 lacs in Q2 FY25. Half-yearly revenue rose to Rs 5,412.65 lacs vs Rs 4,630.35 lacs in H1 FY25, a growth of nearly 17%. Profit after tax for H1 FY26 jumped to Rs 71.40 lacs from Rs 37.89 lacs a year ago, an increase of around 88%, though standalone Q2 PAT was largely flat at Rs 11.07 lacs vs Rs 11.20 lacs. The auditor (Roshan Agarwal & Associates) issued an unmodified limited review report but flagged an emphasis-of-matter note about branch-wise and consolidated results possibly not being fully compliant with Ind AS disclosure and presentation norms. Operating cash flow remained negative at Rs -247.77 lacs for the half year, while short-term borrowings of Rs 1,751.62 lacs sit against total equity of just Rs 595 lacs, indicating a stretched balance sheet. Trade receivables of Rs 5,371 lacs are unusually high relative to half-year revenue.
Short term: profitability trend is positive on a half-year basis, but persistent negative operating cash flow, a debt-to-equity ratio above 2.9x, and an auditor emphasis-of-matter paragraph on disclosure quality are red flags that could weigh on the stock and limit valuation re-rating.