Q2 profit rebounds on higher sales; US sanctions proceedings end
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On October 26, the board approved Q2 results. Q2 revenue rose 52.9% to Rs 2,309.01 lakh from Rs 1,510.21 lakh. Profit was Rs 149.18 lakh versus a Rs 215.20 lakh loss. For six months, revenue rose 22.0% to Rs 3,903.93 lakh and profit rose to Rs 478.94 lakh from Rs 44.01 lakh. The auditor found no material misstatement in the limited review. US Treasury removed the company from its sanctions list on June 30, 2026, ending related proceedings.
Higher sales and profit recovery are positive. The end of US sanctions proceedings may aid exports, but low cash and higher debt remain risks.