FINANCIAL RESULTS FOR QTR ENDED ON 30th SEPTEMBER 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.2 pts less than its Industrial Gases peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Hilltone Software and Gases reported a sharp rise in revenue but swung to a loss in Q2 FY26. Net revenue from operations grew to ₹345.02 lakhs from ₹206.03 lakhs in the same quarter last year, a jump of about 67%. However, total expenses surged to ₹420.00 lakhs versus ₹209.31 lakhs, pushing the company into a net loss of ₹70.86 lakhs compared to a profit of ₹11.48 lakhs in Q2 FY25. The Gases segment continues to drag, posting a segment loss of ₹74.98 lakhs, while the Software segment reported nil revenue during the quarter. For the half year ended September 2025, revenue rose to ₹578.72 lakhs but the company posted a cumulative loss of ₹88.75 lakhs versus a profit of ₹21.11 lakhs last year. The statutory auditor issued an unmodified limited review report with no qualifications or emphasis of matter.
Despite strong top-line growth, sharp cost escalation and the Gases segment's persistent losses have wiped out profitability, which is a negative signal for shareholders. The stock may face pressure as the widening gap between revenue and costs raises concerns about operating efficiency, although the clean audit report offers some reassurance.