Q2 profit jumps 247% despite a 2.4% revenue decline

Revenue declinedProfit growth above 25%EBITDA margin expansionResults restatedResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-10.3%Reaction day

₹156.44

prior close

₹150.14

announcement price

After-mkt

timing

Nifty Microcap 250market+0.4%-10.7% vs market

Other Agricultural Products peers, median of 55sector-0.3%-10.0% vs sector

On the reaction day the stock moved 10.7 pts less than Nifty Microcap 250 and 10.0 pts less than its Other Agricultural 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

Stock

-4.8

10m

-4.9

15m

-4.5

30m

-3.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-10.3+0.4-10.7-0.3-10.0

Next day

-7.6+2.1-9.8+0.8-8.4

-7.8+2.2-10.0+0.5-8.3

-6.9+2.9-9.8+0.2-7.1

-12.2+0.3-12.5+0.0-12.2

-6.2+1.8-8.0+0.5-6.7

-2.3+4.2-6.6+1.9-4.3

15d

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UpDownMarket · Nifty Microcap 250Sector · Other Agricultural Products peers, median of 55Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The board approved unaudited results for the quarter and six months ended 30 September 2026. Consolidated Q2 revenue from operations fell 2.4% to Rs 1,450.73 crore, while profit after tax jumped 246.6% to Rs 131.79 crore and profit before tax rose 248.9% to Rs 177.19 crore. For the six months, profit after tax was Rs 308.92 crore versus Rs 103.48 crore. Stronger maize processing drove gains, while prior-period segment results were restated.

Likely market impact

Strong profit growth and better maize processing may lift sentiment, but the Q2 revenue fall and weak agro processing keep performance mixed.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹1,451 Cr	₹1,487 Cr	−2.4%
Operating profit	₹160.2 Cr	₹31.61 Cr	+406.9%
Profit after tax	₹131.8 Cr	₹38.02 Cr	+246.6%
EBITDA margin	13.6%	5.1%	+8.5 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.