Q2 FY26 profit doubles, but H1 profit falls 68% and cash flow drops

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

-4.1%Reaction day

₹1469.90

prior close

₹1384.10

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.4%-4.5% vs market

Finance peers, median of 383sector · industry level+0.1%-4.2% vs sector

On the reaction day the stock moved 4.5 pts less than Nifty Smallcap 250 and 4.2 pts less than its Finance 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

+3.8

10m

+3.8

15m

+5.1

30m

+4.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.1+0.4-4.5+0.1-4.2

Next day

+0.6+0.4+0.2-0.1+0.6

-4.0-0.2-3.8+0.0-4.0

-4.3+0.5-4.8+0.0-4.3

-6.0-0.2-5.9-0.7-5.3

-9.0-1.6-7.3-1.9-7.1

-3.8-1.9-1.9-1.9-2.0

15d

-9.7-2.4-7.3-3.7-5.9

-8.5-3.3-5.2-4.5-4.0

-13.3-4.7-8.5-7.5-5.7

-13.5-9.9-3.6-13.4-0.1

UpDownMarket · Nifty Smallcap 250Sector · Finance peers, median of 383Pending

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

AI summary

Q2 FY26 revenue was Rs 1,508.35 crore, up 3.1% from Q1, while profit after tax doubled to Rs 125.81 crore from Rs 60.19 crore. However, standalone H1 profit after tax fell 68.1% to Rs 186.06 crore from Rs 583.72 crore as impairment charges rose to Rs 1,097.52 crore from Rs 594.74 crore. H1 operating cash flow fell to Rs 315.02 crore from Rs 2,136.14 crore but stayed positive. Debt-equity was 2.82, and the review found no material issue.

Likely market impact

Quarterly rebound supports sentiment, but weaker H1 profit and cash flow, higher impairment and 2.82 debt-equity ratio make the outlook cautious.