Announced Fri, 14 Nov · 18:01 IST

Outcome of Board Meeting held today i.e. Friday, November 14, 2025- Approval of Standalone and Consolidated unaudited Financial Results for the Half Year ended on September 30, 2025.

Ebitda Margin CompressionNegative Operating CashflowResults View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Aztec Fluids & Machinery reported H1 FY26 standalone revenue from operations of Rs. 4,247.14 lakh, up about 11% from Rs. 3,826.07 lakh in H1 FY25. However, standalone profit after tax fell to Rs. 363.50 lakh from Rs. 445.08 lakh, and EPS dropped to Rs. 2.67 from Rs. 3.39. On a consolidated basis (including subsidiary Jet Inks Pvt Ltd), revenue rose to Rs. 4,892.04 lakh and PAT came in at Rs. 422.68 lakh versus Rs. 458.14 lakh earlier. Operating cash flow turned sharply negative at -Rs. 192.85 lakh standalone and -Rs. 225.00 lakh consolidated, driven by a Rs. 600 lakh jump in trade receivables. Short-term borrowings surged from Rs. 382.71 lakh to Rs. 916.51 lakh standalone. The statutory auditor (Karma & Co. LLP) issued an unqualified limited review report. IPO proceeds of Rs. 2,412 lakh have been almost fully utilised, with only Rs. 0.29 lakh pending for a foreign shareholder remittance.

Likely market impact

Top-line growth is positive but bottom-line contraction and negative operating cash flow signal working-capital stress and margin pressure — a mixed picture for shareholders. The spike in short-term borrowings and receivables is a red flag worth monitoring.