outcome of Board Meeting

Revenue DeclinePat Growth 25pctRelated Party TransactionsNegative Operating CashflowResults View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-10.3%Reaction day

₹80.10

prior close

₹76.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-10.8% vs market

Other Industrial Products peers, median of 22sector-0.9%-9.4% vs sector

On the reaction day the stock moved 10.8 pts less than Nifty Microcap 250 and 9.4 pts less than its Other Industrial 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

Stock

+2.6

10m

+0.8

15m

-2.7

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-10.3+0.5-10.8-0.9-9.4

Next day

-4.9+0.3-5.1-1.5-3.4

-0.2-0.1-0.1-1.8+1.6

-0.2+1.0-1.2-1.6+1.4

-1.4+0.2-1.7-2.1+0.7

-7.3-1.5-5.8-3.4-3.9

-8.6-1.5-7.1-3.1-5.5

15d

-11.7-1.7-10.0-5.4-6.3

-2.6-3.1+0.5-8.1+5.4

-20.0-6.6-13.4-8.8-11.1

-30.1-12.3-17.8-22.6-7.5

UpDownMarket · Nifty Microcap 250Sector · Other Industrial Products peers, median of 22Pending

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

AI summary

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.

Likely market impact

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.