Announced Thu, 13 Nov · 17:28 IST

Please find enclosed herewith Unaudited Financial Results for the half year ended as on 30th September, 2025.

Revenue Growth 20pctPat Growth 25pctNegative Operating CashflowResults View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Bhatia Colour Chem reported strong H1 FY26 results with revenue from operations rising to ₹72.11 crore, up about 21% from ₹59.49 crore in H1 FY25. Profit after tax jumped to ₹3.15 crore, a sharp ~55% rise from ₹2.03 crore a year ago, lifting basic EPS to ₹2.23 from ₹1.66. Profit before tax stood at ₹3.99 crore versus ₹2.75 crore, helped by better cost management. However, the company posted a negative operating cash flow of around ₹(20.98) crore versus a positive ₹3.88 crore last year, mainly due to a large build-up in trade receivables and inventories. The debt-to-equity ratio improved sharply to 0.087 from 0.256 at end-FY25, and the auditor (DSI & Co) issued an unqualified limited review report.

Likely market impact

Strong top-line and profit growth is positive for shareholders, but the negative operating cash flow is a red flag worth watching as it suggests cash is tied up in receivables and stock. Overall, the results signal healthy operational performance and a cleaner balance sheet, though cash conversion needs to improve.