Outcome of Board Meeting held on 04.11.2025
Price
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Awaiting price reaction for this filing.
The Board approved unaudited financial results for the quarter and half year ended 30 September 2025, with a clean limited review report from Nyati Mundra & Co. Revenue from operations grew strongly, rising about 48% YoY to Rs. 1,271.57 lakhs in Q2 and about 28% YoY to Rs. 2,765.14 lakhs in H1 FY26. However, profitability collapsed: Q2 slipped into a loss with PAT of Rs. (6.66) lakhs against a profit of Rs. 78.72 lakhs in Q2 FY25, and H1 PAT fell about 93% to Rs. 10.34 lakhs. The squeeze came mainly from a sharp rise in raw material, trading purchases and manufacturing expenses, which pushed total expenses well above revenue in Q2. Operating cash flow improved to Rs. 216.17 lakhs in H1 vs Rs. 163.24 lakhs a year ago, and the debt-equity ratio remains comfortable at roughly 0.4.
Strong top-line growth is being completely eroded by cost pressures, leading to a quarterly loss and a near wipe-out of half-yearly profits, which is likely to weigh negatively on the stock despite higher sales. Investors should watch margin recovery in upcoming quarters before turning constructive.