Outcome of the Board Meeting held on Tuesday , 11th November,2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Azad India Mobility Limited (formerly Indian Bright Steel Company), an EV luxury bus manufacturer, reported its Q2 FY26 results on 11th November 2025. Standalone net sales surged to Rs. 1,980.66 lakhs in Q2 FY26 from Rs. 769.45 lakhs in Q1 FY26, a sequential jump of about 157%. For H1 FY26, total net sales stood at Rs. 2,750.11 lakhs with a net profit of Rs. 30.29 lakhs, compared to a loss of Rs. 4.45 lakhs in H1 FY25 (when no sales were booked). The company turned profitable at the operating level, with EPS of Rs. 0.04 for the quarter. However, cash flow from operations was deeply negative at Rs. (3,379.70) lakhs, largely due to a sharp rise in trade receivables (from Rs. 198.34 lakhs to Rs. 2,074.29 lakhs) and other current assets. The company strengthened its balance sheet by raising Rs. 6,885.18 lakhs through equity issuance during the period. The auditor (R. Bhargava and Associates) issued an unmodified limited review report on both standalone and consolidated results.
Strong revenue ramp-up and a turnaround to profit are positive signals, but the steep jump in receivables and negative operating cash flow mean most of the sales are yet to be collected, which is a watchpoint for shareholders. The fresh equity infusion has improved reserves and reduced leverage, supporting growth capacity going forward.