Q2 profit jumps, but auditor qualifies review over doubtful debts

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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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

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

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AI summary

The board approved unaudited results for Q2 and the half year ended 30 September 2026. Q2 total income rose to Rs 1,308.16 lakh from Rs 688.64 lakh, and profit rose to Rs 211.78 lakh from Rs 45.43 lakh. H1 income was Rs 2,382.64 lakh and profit Rs 393.42 lakh. The auditor qualified the review because no provision was made for Rs 11.45 lakh of doubtful debts; recovery is under way. H1 operating cash flow was negative Rs 13.91 lakh.

Likely market impact

Sales and profit growth support sentiment, but the review qualification, higher receivables and negative operating cash flow raise collection risks.

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.