Declaration of Results - Financial Results for September 30, 2025 (Standalone and consolidated)
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Awaiting price reaction for this filing.
Ashnisha Industries reported its Q2 FY26 and H1 FY26 results on November 14, 2025, with a clean (unqualified) limited review report from the auditors. On a standalone basis, revenue from operations fell sharply to Rs 8.00 lakh in Q2 FY26 (vs Rs 34.50 lakh in Q1 FY26 and Rs 69.04 lakh in Q2 FY25), and for H1 FY26 it declined to Rs 42.50 lakh from Rs 110.85 lakh a year ago, as core steel trading business remained very weak. Despite this, standalone PAT rose to Rs 11.77 lakh for H1 FY26 (vs Rs 5.69 lakh), helped by lower purchase costs and other income. On a consolidated basis, revenue jumped dramatically to Rs 483.50 lakh in H1 FY26 (vs Rs 110.85 lakh) and PAT more than doubled to Rs 17.71 lakh, driven by a new subsidiary engaged in trading of software, electronics and IT products. However, standalone operating cash flow remained negative at Rs (74.21) lakh for H1 FY26, and the subsidiary Adzillow Private Limited's financials were included without independent auditor review.
Short-term shareholders may view the consolidated revenue surge from the new IT/software trading subsidiary as positive, but the standalone core business is shrinking sharply with negative operating cash flow, raising questions about underlying business quality. The stock could see muted reaction given the very small absolute profit numbers relative to the Rs 1,010 lakh share capital, keeping EPS at just Rs 0.012 for H1.