Pls find attached Outcome of Board meeting.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Harshdeep Hortico's board approved unaudited half-yearly results for the period ended September 30, 2025. Revenue from operations rose to ₹3,264.19 lakhs, up about 31.5% from ₹2,481.53 lakhs in the same period last year. Profit before tax grew to ₹688.13 lakhs (vs ₹510.06 lakhs, up ~35%), and profit after tax increased to ₹570.18 lakhs (vs ₹422.53 lakhs, up ~35%), translating to EPS of ₹3.54 (vs ₹2.63). The statutory auditor (Kailash Chand Jain & Co) issued an unmodified limited review report. The company, which manufactures flower pots as its single business segment, raised short-term borrowings of ₹173.10 lakhs during the period, while cash and bank balances dropped sharply to ₹29.90 lakhs from ₹220.92 lakhs.
Strong topline and bottomline growth, with no audit qualifications, is positive for shareholders. However, a sharp drop in operating cash flow (from ₹576.70 lakhs to ₹65.26 lakhs), rising inventory and receivables, depleting cash, and new short-term borrowings suggest the company is funding working capital expansion, which investors should monitor closely.