Revised outcome
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q2 and H1 FY26 ended September 30, 2025. Revenue from operations for Q2 FY26 stood at Rs. 6,568.76 lakhs, down about 21% from Rs. 8,298.76 lakhs in Q2 FY25, while H1 revenue fell roughly 6% YoY to Rs. 13,150.93 lakhs. Profit after tax jumped to Rs. 161.08 lakhs in Q2 (vs Rs. 93.97 lakhs) and Rs. 287.89 lakhs in H1 (vs Rs. 175.56 lakhs), translating to an EPS of Rs. 1.95 for H1. Despite weaker top-line, margins improved thanks to lower input costs. Cash from operations turned sharply negative at Rs. (1,915.82) lakhs in H1 versus a positive Rs. 2,496.20 lakhs in FY25, with cash balance falling from Rs. 2,068.95 lakhs to Rs. 93.06 lakhs. The Board also declared an interim dividend of Rs. 0.50 per share, with record date November 17, 2025 and payment date November 24, 2025.
Mixed picture for shareholders: profit growth and a small interim dividend are positive, but the steep YoY revenue decline, negative operating cash flow, and a stretched debt-to-equity ratio (~2.6x) raise concerns about sustainability and working-capital health. The stock may see limited near-term reaction as the margin recovery offsets the revenue drop, but liquidity and demand weakness warrant close tracking.