Submission of Un-Audited Financial Results for the 2nd quarter and half year ended 30th September, 2025
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Awaiting price reaction for this filing.
Revenue from operations for Q2 FY26 came in at Rs. 349.38 lakhs, down from Rs. 373.94 lakhs in Q2 FY25. For the half-year (H1 FY26), revenue was Rs. 742.89 lakhs versus Rs. 788.77 lakhs in H1 FY25, a decline of around 5.8% YoY. Net profit for Q2 FY26 fell to Rs. 29.15 lakhs from Rs. 39.12 lakhs a year ago. However, H1 FY26 net profit jumped sharply to Rs. 62.51 lakhs from Rs. 24.78 lakhs in H1 FY25, helped by an unusually low base (Q1 FY25 had a loss) and mark-to-market gains of Rs. 29.94 lakhs on mutual fund investments included under 'Other Income'. Q2 FY26 EPS stood at Rs. 0.86 vs Rs. 1.15 in Q2 FY25, while H1 EPS rose to Rs. 1.84 from Rs. 0.73. The statutory auditors issued an unmodified limited review report with no qualifications.
Mixed picture for shareholders: the core PVC pipes business continues to see a slowdown in topline, but the bottom line got a lift from non-operating mark-to-market gains and a weak comparable. Watch whether the revenue decline is a temporary blip or a sustained trend before drawing conclusions on earnings power.