Q2 FY26 results weak; statutory auditor changed mid-year

Auditor changed mid-yearRevenue declinedNegative operating cash flowRelated-party transactionsResults View source PDF Explain this filing

ARIHANTSUP · price

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

-3.1%Reaction day

₹392.00

prior close

₹375.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-3.0% vs market

Residential Commercial Projects peers, median of 59sector-0.4%-2.7% vs sector

On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250 and 2.7 pts less than its Residential Commercial Projects 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

+2.7

10m

+2.4

15m

+1.3

30m

+2.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.1-0.1-3.0-0.4-2.7

Next day

-3.6-0.2-3.4-0.3-3.3

-3.8+0.4-4.2-0.0-3.7

-4.8-0.4-4.4-1.6-3.2

-4.8-0.6-4.2-1.6-3.1

-5.6-0.9-4.7-1.6-4.0

-9.9-3.0-7.0-4.6-5.3

15d

-14.6-3.9-10.8-4.0-10.7

-18.5-4.8-13.7-5.6-12.9

-20.4-7.8-12.6-9.0-11.4

-30.8-7.2-23.6-13.2-17.6

UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 59Pending

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

AI summary

Standalone revenue fell to Rs 1,316.92 lakh in Q2 from Rs 2,415.71 lakh YoY. PAT dropped to Rs 33.81 lakh from Rs 434.89 lakh. Finance costs spiked to Rs 1,242.46 lakh in H1 from Rs 38.40 lakh. Operating cash flow turned negative at Rs (5,249.06) lakh. Borrowings rose to Rs 36,254.75 lakh. Statutory auditor Ummed Jain & Co resigned, and K J K & Associates was appointed to fill the casual vacancy.

Likely market impact

Sharp earnings drop, rising debt, and negative operating cash flow raise red flags. Sudden auditor exit adds uncertainty for shareholders.