Outcome of Board Meeting for the Q2 30.09.2025
Price
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Diligent Industries reported its Q2 FY26 results (quarter ended September 30, 2025). Revenue from operations grew ~51% year-on-year to ₹4,573.28 lakhs (vs ₹3,029.79 lakhs in Q2 FY25), and H1 revenue rose ~44% to ₹8,724.68 lakhs. However, profitability weakened in Q2: profit after tax fell ~9% to ₹117.98 lakhs (vs ₹130.20 lakhs), and EPS dropped to ₹0.05 from ₹0.11, mainly due to a sharp rise in raw material costs and other expenses. H1 PAT edged up marginally to ₹198.78 lakhs. The statutory auditor issued an unmodified review report. Operating cash flow remained negative at ₹(776.76) lakhs for H1 FY26, and total borrowings stayed elevated at ~₹3,803 lakhs against equity of ₹6,643 lakhs.
Strong top-line growth is positive, but shrinking margins and continued negative operating cash flows signal pressure on cash generation despite higher sales. Shareholders may watch for improvement in profitability and working capital management in coming quarters.