Revenue and profit after tax rise sharply; some subsidiaries face financial strain

Going-concern doubtRevenue growth above 20%Profit growth above 25%EBITDA margin expansionResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+9.4%Reaction day

₹376.00

prior close

₹390.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.4%+9.0% vs market

Aerospace & Defense peers, median of 25sector+0.5%+8.9% vs sector

On the reaction day the stock moved 9.0 pts more than Nifty Microcap 250 and 8.9 pts more than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.1

10m

+4.6

15m

+3.5

30m

+2.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+9.4+0.4+9.0+0.5+8.9

Next day

+13.2+2.1+11.0+2.8+10.4

+9.8+2.2+7.6+2.9+6.9

+12.5+2.9+9.6+3.8+8.7

+5.6+0.3+5.3+0.8+4.8

+5.4+1.8+3.7+1.7+3.8

+16.0+4.2+11.7+7.5+8.5

15d

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UpDownMarket · Nifty Microcap 250Sector · Aerospace & Defense peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Consolidated September-quarter revenue rose 72.3% to Rs 388.15 crore from Rs 225.26 crore, while profit after tax rose 53.7% to Rs 46.15 crore from Rs 30.03 crore. For the half year, revenue rose 78.2% to Rs 639.44 crore and profit after tax rose 49.6% to Rs 71.37 crore. Some subsidiaries showed financial strain, but management cites plans and support. Growth includes IDL Explosives, acquired in November 2025.

Likely market impact

Strong profit growth supports sentiment, but acquisition-led growth and financial strain at some subsidiaries remain key risks.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹388.1 Cr	₹225.3 Cr	+72.3%
Operating profit	₹88.94 Cr	₹41.85 Cr	+112.5%
Profit after tax	₹46.15 Cr	₹30.03 Cr	+53.7%
EBITDA margin	28.6%	26.3%	+2.4 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.