Q2 FY26 results: revenue up 19% but profit drops sharply

Exceptional ItemEbitda Margin CompressionResults View source PDF Explain this filing

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

-3.2%Reaction day

₹141.01

prior close

₹145.71

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.4%-2.8% vs market

Diversified Retail peers, median of 11sector-1.9%-1.3% vs sector

On the reaction day the stock moved 2.8 pts less than Nifty Microcap 250 and 1.3 pts less than its Diversified Retail 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

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15m

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Reaction day

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Next day

-3.2-0.6-2.6-0.2-3.0

-4.3+0.3-4.6-0.5-3.7

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-5.7+0.1-5.8-1.1-4.6

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15d

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UpDownMarket · Nifty Microcap 250Sector · Diversified Retail peers, median of 11Pending

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

AI summary

Q2 FY26 standalone revenue rose 19% YoY to Rs 1,590.97 crore. But profit before tax (ex-one-offs) crashed to Rs 6.44 crore from Rs 31.01 crore, and net profit fell to Rs 16.14 crore from Rs 25.77 crore. H1 net profit was Rs 37.76 crore, down from Rs 100.34 crore. Finance costs jumped 55% and staff costs rose 39%, hitting margins. Exceptional items netted Rs 15.19 crore, including fire insurance receipt and gain from selling four IQ retail stores. Auditor review was unqualified.

Likely market impact

Sales growth is positive but a sharp earnings drop and rising costs raise concerns about margin recovery; one-off gains masked underlying weakness.