Revised outcome
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 financial results for the quarter and half year ended September 30, 2025. Q2 FY26 total income fell sharply to about Rs. 1,500 lakhs versus Rs. 3,285 lakhs in Q2 FY25, a drop of roughly 54% year-on-year. Profit after tax for Q2 FY26 was about Rs. 104 lakhs (EPS Rs. 0.46), down from Rs. 189 lakhs (EPS Rs. 0.83) in the year-ago quarter. Statutory auditor K.S. Shah & Co. issued a clean limited review report with no qualifications. The company allotted 31.45 lakh convertible warrants at Rs. 70 each on September 26, 2025, with total issue size of Rs. 22.02 crore; only 25% upfront money (Rs. 5.5 crore) has been received and there is no deviation in use of proceeds. Detailed related-party transactions were disclosed, including remuneration to Managing Director Mr. Hasanain Mewawala and loans/advances involving associate concerns Expo Project Engg. Services and Expo India Agencies. Operating cash flow for H1 FY26 remained positive at about Rs. 763 lakhs.
The steep revenue contraction is a red flag for business momentum, but the fresh Rs. 22 crore warrant infusion and positive operating cash flow provide near-term liquidity support. Shareholders should watch for signs of recovery in subsequent quarters.