Q2 profit nearly halves YoY; auditor flags coal block, ESL matters

Revenue DeclineEbitda Margin CompressionQualified OpinionResults View source PDF Explain this filing

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

-1.4%Reaction day

₹88.50

prior close

₹86.99

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.4%-1.0% vs market

Iron & Steel Products peers, median of 92sector-0.6%-0.8% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.8 pts less than its Iron & Steel Products 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

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 92Pending

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

AI summary

Q2 revenue fell to Rs 1,395.79 cr from Rs 1,827.80 cr YoY; PAT halved to Rs 78.29 cr from Rs 155.20 cr. H1 PAT at Rs 167.37 cr versus Rs 381.24 cr. Operating margin compressed to 10.45% from 13.87%. Auditor Lodha and Co gave a qualified conclusion on coal block and ESL Steel matters. Board cleared 70% in Omani Arabian Water Tech; noted TIS Italy acquisition completion.

Likely market impact

Profit decline and margin pressure are negatives. TIS Italy deal expands global presence. Coal block and ESL Steel matters remain qualified.