Unaudited Financial Results for the Quarter and half year ended 30.09.2025

Revenue declinedProfit growth above 25%Negative operating cash flowResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-3.4%Reaction day

₹152.25

prior close

₹163.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-4.0% vs market

Iron & Steel Products peers, median of 92sector-0.2%-3.3% vs sector

On the reaction day the stock moved 4.0 pts less than Nifty Microcap 250 and 3.3 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 92Pending

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AI summary

Garg Furnace Ltd reported a strong jump in profits for Q2 FY26 despite a slight dip in revenue. Standalone revenue from operations fell to ₹6,138.43 lakhs (vs ₹6,215.99 lakhs in Q2 FY25), while profit after tax surged to ₹274.19 lakhs (vs ₹73.62 lakhs), a nearly 4x jump. For the half year, revenue declined modestly to ₹12,153.74 lakhs but PAT rose to ₹399.07 lakhs from ₹229.99 lakhs, up around 73%. Basic EPS for Q2 jumped to ₹4.75 from ₹1.60. The company also acquired a 51.22% stake in Vaneera Industries Limited effective August 22, 2025, expanding the group. However, operating cash flow turned negative at ₹(304.38) lakhs standalone and ₹(3,980.23) lakhs consolidated due to working capital build-up and investments.

Likely market impact

Sharply higher profits and improving margins are positive for shareholders, supported by a new subsidiary acquisition and fresh capital via share warrants. However, the slight revenue decline and negative operating cash flow may raise concerns about cash conversion, even as the auditor issued an unqualified review.