Unaudited Financial Results for the quarter and nine months ended on 30th September, 2025
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Elantas Beck India (a subsidiary of Germany's ALTANA) posted Q2 FY26 revenue from operations of ₹216.5 crore, up about 18% from ₹183.6 crore in the same quarter last year, driven mainly by the Engineering & Electronic Resins segment which grew roughly 47% year-on-year. Net profit for the quarter rose about 17% to ₹36.3 crore, translating to an EPS of ₹45.74 (vs ₹39.19 in Q2 FY25). For the nine months ended Sept 30, 2025, revenue grew nearly 15% YoY to ₹632.6 crore, but net profit slipped marginally by about 1.3% to ₹108.4 crore, suggesting some margin pressure at the year-to-date level. The statutory auditors Price Waterhouse issued a clean limited review report with no qualifications. The Board also approved the appointment of M S K A & Associates as the new statutory auditor for a five-year term from FY2026 to FY2030, replacing Price Waterhouse whose term ends at the 70th AGM, and amended its insider trading and fair disclosure code.
Steady topline growth and a healthy Q2 profit rise are positives, though the marginal year-to-date profit dip and ongoing Ankleshwar environmental matter warrant close watch. The auditor change is a routine rotation and the clean limited review provides comfort to shareholders.