Outcome of the Board Meeting held on Friday, 14th November, 2025 and submission of Un- Audited Financial Results (Standalone) for the Second Quarter and Half-Year ended on 30th September 2025.
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The board approved unaudited standalone financial results for Q2 and H1 FY26. Revenue from operations jumped sharply to Rs. 628.78 lakhs in Q2 (vs Rs. 186.82 lakhs in Q2 FY25, about 3.4x growth) and H1 revenue surged to Rs. 1,342.97 lakhs (vs Rs. 186.82 lakhs in H1 FY25, roughly 7x). However, H1 PAT swung to a loss of Rs. 200.20 lakhs (vs a profit of Rs. 94.39 lakhs a year ago) largely due to a one-time Rs. 300 lakh provision for expected credit loss booked in Q1 as part of Other Expenses. Q2 alone returned to a small profit of Rs. 4.97 lakhs. The statutory auditor M/s Rajeshkumar P Shah & Co issued an unqualified limited review report. The company has also recently changed its name from Containerway International Limited to Indus Aluminium Recyclers Limited.
The sharp revenue ramp-up is encouraging, but the H1 loss driven by a large credit-loss provision signals possible asset-quality concerns. Shareholders should watch for sustained profitability in coming quarters and recovery of the provisioned amount, as the stock remains a small-cap with thin margins.