Q2 FY26 revenue rises 54%, but INR 1,541 million loss persists

Revenue Growth 20pctPat NegativeResults View source PDF Explain this filing

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

+4.6%Reaction day

₹624.00

prior close

₹640.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%+4.8% vs market

2/3 Wheelers peers, median of 7sector-0.3%+5.0% vs sector

On the reaction day the stock moved 4.8 pts more than Nifty Smallcap 250 and 5.0 pts more than its 2/3 Wheelers 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

-0.4

10m

+0.6

15m

-1.5

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.6-0.1+4.8-0.3+5.0

Next day

+0.9+0.6+0.3-0.2+1.1

+1.6+0.2+1.5+1.1+0.6

+4.5+0.4+4.1+0.9+3.6

+3.3+1.0+2.2+2.0+1.2

+6.7+0.0+6.7+1.7+5.1

+12.2-0.5+12.7+3.3+8.8

15d

+9.7-1.9+11.6+5.1+4.7

+3.9-4.5+8.3+4.9-1.0

+2.5-5.4+7.9+8.0-5.5

+14.7-3.8+18.6+10.6+4.1

UpDownMarket · Nifty Smallcap 250Sector · 2/3 Wheelers peers, median of 7Pending

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

AI summary

Q2 FY26 revenue was INR 8,989 million, up 54% year on year from INR 5,835 million, but net loss was INR 1,541 million versus INR 1,972 million. H1 revenue rose 63% to INR 15,435 million, while net loss narrowed to INR 3,323 million. Cash from operations was positive at INR 770 million. The company deferred INR 192 million of incentive revenue after a China rare-earth magnet export ban disrupted production. Deloitte's review found no material misstatement.

Likely market impact

Strong sales growth and positive cash from operations help, but continued losses and deferred incentive revenue may weigh on sentiment.