Outcome of Board meeting for the Quarter and half year ended 30.09.2025
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Garg Furnace Ltd's board approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 (ended September 30, 2025). Standalone revenue from operations for Q2 FY26 was ₹6,138.43 lakhs, down slightly from ₹6,215.99 lakhs in Q2 FY25; H1 FY26 revenue was ₹12,153.74 lakhs versus ₹12,448.83 lakhs in H1 FY25. Profit after tax jumped sharply to ₹274.19 lakhs in Q2 FY26 from ₹73.62 lakhs a year ago, and H1 PAT rose to ₹399.07 lakhs from ₹229.99 lakhs. EPS for the quarter stood at ₹4.75 versus ₹1.60 last year. The company also recently acquired a 51.22% stake in Vaneera Industries Limited, which is now reflected in the consolidated results. Auditor Ashwani & Associates issued an unmodified limited review report on both standalone and consolidated statements.
Strong profit growth driven by margin expansion and lower raw material costs is a positive signal for shareholders, though the modest revenue decline and negative operating cash flow of ₹304 lakhs (standalone) in H1 warrant some caution. The acquisition of a subsidiary adds diversification but also integration risk.