Indef Manufacturing Q2 FY26: Revenue rises, profit drops sharply
BAJAJINDEF · price
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On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 1.4 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Indef Manufacturing posted Q2 FY26 consolidated revenue of Rs 4,930.95 lakhs, up about 15% year on year. However, profit after tax fell to Rs 625.95 lakhs from Rs 1,128.42 lakhs, a drop of around 45%. Half year revenue grew 10% to Rs 8,901.46 lakhs while PAT declined to Rs 1,191.16 lakhs from Rs 1,701.07 lakhs. Results include new subsidiary Daedalus Lift and Access from August 22, 2025. Prior year figures restated due to the demerger scheme with Hercules Investments Limited.
Revenue growth is positive but a sharp PAT fall signals margin pressure, which may weigh on the stock. Consolidation of Daedalus expands group scope.