Q2 FY26 Results: Standalone PAT jumps 132% YoY to Rs 119 crore
FINPIPE · price
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On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 0.8 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Standalone Q2 revenue rose to Rs 858.74 cr from Rs 828.43 cr YoY. H1 FY26 revenue dipped 3.4% to Rs 1,901.89 cr vs Rs 1,968.92 cr. Standalone Q2 PAT surged 132% to Rs 119.20 cr from Rs 51.44 cr; H1 PAT was Rs 216.13 cr vs Rs 556.64 cr (prior year had exceptional gain of Rs 416.99 cr from Chinchwad land transfer). Q2 EPS Rs 1.93 vs Rs 0.83. Cost of materials rose to Rs 659.08 cr in Q2. Limited review by Walker Chandiok and Co LLP, who issued an unmodified conclusion. Company now reports as a single Pipes and Fittings segment.
Strong Q2 profit jump shows improved operating leverage despite modest revenue softness. Investors should track margin sustainability and demand trends ahead.