Q2 loss after fair value hit; H1 profit halves versus last year

Revenue declinedNet loss reportedNegative operating cash flowResults View source PDF Explain this filing

HBSL · price

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

-13.3%Reaction day

₹99.50

prior close

₹98.87

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.9%-14.2% vs market

On the reaction day the stock moved 14.2 pts less than Nifty Microcap 250, 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

-8.0

10m

-9.8

15m

-10.3

30m

-11.1

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-13.3+0.9-14.2

Next day

-16.1+0.8-16.9

-14.6+0.7-15.4

-16.6+1.3-17.9

-18.0+0.5-18.5

-17.1+0.4-17.5

-19.0-1.5-17.5

15d

-23.3-2.4-20.9

-24.7-4.4-20.3

-29.1-7.2-21.9

-34.8-5.0-29.8

UpDownMarket · Nifty Microcap 250Pending

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AI summary

Board approved unaudited Q2 and H1 FY26 results on Nov 12, 2025. Standalone Q2 swung to a loss of Rs. 459.76 lakhs versus a Rs. 13.15 lakh profit last year, mainly due to a Rs. 329.35 lakh net loss on fair value changes and a Rs. 41.53 lakh loss in equity derivative trading. H1 profit after tax fell to Rs. 286.44 lakhs from Rs. 657.66 lakhs a year ago. Revenue from operations dropped about 43 percent to Rs. 679.83 lakhs. Operating cash flow turned negative at Rs. 1,162.55 lakhs versus positive Rs. 1,128.20 lakhs last year. Auditor N.C. Aggarwal and Co. gave an unmodified review opinion.

Likely market impact

Mark-to-market losses dragged Q2 into the red and H1 profit nearly halved, while operating cash burn is a key concern for shareholders.