Outcome of Board Meeting held on November 13, 2025.
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The board approved unaudited half-yearly results for H1 FY26 (April-September 2025). On a standalone basis, revenue from operations rose to ₹891.55 lakhs from ₹797.33 lakhs a year ago (~12% growth), while profit after tax jumped to ₹114.88 lakhs from ₹75.76 lakhs (~52% growth). On a consolidated basis, revenue grew to ₹2,486.80 lakhs from ₹2,281.82 lakhs, and PAT surged to ₹354.29 lakhs from ₹167.94 lakhs (~111% growth). Basic EPS stood at ₹0.92 (standalone) and ₹2.82 (consolidated). The auditor (Patel Jain & Associates) issued an unmodified review opinion on both sets of results. The company also filed deviation/variation statements for three preferential allotments (totaling roughly ₹32.8 crore) and confirmed there was no deviation in use of funds.
Strong PAT growth on both standalone and consolidated bases signals improving profitability, supported by higher reserves and share capital. However, operating cash flow remained sharply negative on both bases (standalone: -₹2,398 lakhs; consolidated: -₹2,367 lakhs) due to a big build-up in inventories and trade receivables, which shareholders should monitor closely.