Un-Audited Financial Result for the Quarter and Half Year ended on 30th September, 2025.
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Franklin Industries (formerly Murad Properties & Projects) reported sharply weaker results for Q2 FY26 and H1 FY26. Net sales fell to Rs 659.62 lacs in Q2 FY26 versus Rs 2,710.69 lacs in Q2 FY25, a drop of about 76%. For H1 FY26, revenue declined to Rs 1,836.71 lacs from Rs 5,373.95 lacs in H1 FY25, a fall of roughly 66%. Profit after tax for H1 FY26 came in at Rs 215.73 lacs versus Rs 964.78 lacs a year ago, down about 78%, while Q2 FY26 PAT was just Rs 6.29 lacs (vs Rs 399.38 lacs). The company raised Rs 48.20 crores via a rights issue (48.2 crore shares at Rs 1 face value) on 5 August 2025, lifting paid-up equity from Rs 28.92 crores to Rs 77.12 crores. Operating cash flow turned sharply negative at Rs -4,823.71 lacs, with trade receivables and inventories both rising materially on the balance sheet.
The steep YoY decline in both revenue and profit, combined with a large negative operating cash flow, signals significant business weakness and could weigh on the stock. The rights issue boosted equity capital but diluted per-share earnings (basic EPS for H1 FY26 was just Rs 0.03 vs Rs 0.33 prior year on a restated basis), limiting benefits to existing shareholders.