Results attached
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Expo Engineering and Projects Ltd (formerly Expo Gas Containers Ltd) reported Q2 FY26 revenue of ₹1,499.99 lacs, down roughly 53% YoY from ₹3,189.55 lacs, while PAT rose about 28.5% YoY to ₹84.78 lacs (EPS ₹0.37 vs ₹0.29). For H1 FY26, revenue fell around 33.8% YoY to ₹3,284.53 lacs, but PAT nearly doubled to ₹189.23 lacs from ₹94.76 lacs (EPS ₹0.83 vs ₹0.42), as the company cut costs sharply—total expenses for H1 dropped from ₹4,865.91 lacs to ₹3,095.62 lacs. Operating cash flow, however, swung negative to (₹336.89) lacs versus ₹763.37 lacs last year, largely due to a ₹626 lac inventory build-up and lower payables. The company allotted 31,45,715 convertible warrants at ₹70 each (total issue ₹22.02 cr) and received ₹5.50 cr as 25% upfront subscription; no funds were utilised in the quarter and the audit committee noted no deviation. Detailed related-party transactions were disclosed, including borrowings of ₹2 cr+ from Expo India Agencies and Murtuza Mewawala (KMP), plus creditors of ₹2.93 cr to Expo India Agencies.
Profitability improved despite a steep revenue slump, but the sharp top-line fall and negative operating cash flow raise concerns about underlying demand and working-capital health. Shareholders should note the heavy related-party exposure with promoter-group entities and a large short-term borrowing base (~₹3,143 lacs) relative to total equity (~₹3,924 lacs), while the fresh ₹22 cr warrant issue provides funding flexibility.