Q2 and H1 profit jumps, but review flags Rs 11.45 lakh doubtful debt

Qualified audit opinionRevenue growth above 20%Profit growth above 25%EBITDA margin expansionRelated-party transactionsNegative operating cash flowResults 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

-5.3%Reaction day

₹68.80

prior close

₹72.04

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%-6.7% vs market

Packaging peers, median of 63sector+0.0%-5.3% vs sector

On the reaction day the stock moved 6.7 pts less than Nifty Microcap 250 and 5.3 pts less than its Packaging 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

-0.1

10m

-0.1

15m

-2.3

30m

-3.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.3+1.4-6.7+0.0-5.3

Next day

-3.3+1.7-5.0+0.8-4.0

-4.7+3.9-8.6+2.7-7.3

-4.2+5.1-9.2+3.6-7.8

-11.0pendingpending+2.7-13.6

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15d

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UpDownMarket · Nifty Microcap 250Sector · Packaging peers, median of 63Pending

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

AI summary

APT Packaging's standalone Q2 revenue rose to Rs 1,308.16 lakh from Rs 688.64 lakh, while profit after tax increased to Rs 211.78 lakh from Rs 45.43 lakh. For H1, revenue was Rs 2,382.64 lakh and profit after tax Rs 393.42 lakh, versus Rs 1,064.63 lakh and Rs 46.42 lakh. The auditor qualified the review for the eighth time because no provision was made for Rs 11.45 lakh of doubtful debts. H1 operating cash flow was negative Rs 13.91 lakh.

Likely market impact

Strong earnings may support the stock, but the audit qualification and negative operating cash flow raise debt recovery concerns.

By the numbersStandalone · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹13.08 Cr	₹5.89 Cr	+122.3%
Operating profit	₹2.08 Cr	₹0.25 Cr	+740.2%
Profit after tax	₹2.12 Cr	₹0.45 Cr	+366.2%
EBITDA margin	19.4%	11.1%	+8.3 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.