outcome of Board Meeting
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 standalone financial results for the quarter and half year ended 30 September 2025. Q2 FY26 revenue stood at ₹1,499.99 lacs, down ~53% year-on-year from ₹3,189.55 lacs in Q2 FY25, while H1 FY26 revenue fell ~34% YoY to ₹3,284.53 lacs. Despite the revenue drop, profit after tax rose sharply — Q2 PAT was ₹84.78 lacs (up ~28.5% YoY) and H1 PAT nearly doubled to ₹189.23 lacs (vs ₹94.76 lacs) thanks to lower raw material and other costs. EPS for H1 FY26 was ₹0.83 vs ₹0.42 in H1 FY25. Operating cash flow turned negative at -₹336.89 lacs for H1, but cash balance improved to ₹552.64 lacs helped by warrant proceeds. The company also raised ₹22.02 crores via preferential issue of 31.45 lakh convertible warrants at ₹70 each, of which ₹5.50 crores (25% upfront) was received in the quarter. Related party transactions with promoter group entities and KMPs were disclosed.
Sharply higher profits on the back of significantly lower revenue suggests better margins or one-off cost savings, which may support the stock in the short term. However, steep revenue decline and negative operating cash flow are concerning. Fresh warrant money of ₹5.5 crores boosts liquidity, and clean auditor review with no deviation in fund use is a positive.