Revised Financial Results for the 2nd quarter and half year ended September 30, 2025
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Awaiting price reaction for this filing.
Indo Euro Indchem has submitted a revised set of unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025) after BSE flagged discrepancies in the original filing via a letter dated February 11, 2026. The original results were approved by the board on November 13, 2025; the revised version was signed off on the same date but filed only in March 2026. Revenue from operations for Q2 FY26 stood at Rs 116.37 lakhs versus Rs 91.24 lakhs in Q2 FY25, while H1 FY26 revenue rose to Rs 434.91 lakhs from Rs 384.37 lakhs. Profit after tax for H1 FY26 was Rs 24.36 lakhs (EPS Rs 0.27), marginally up from Rs 22.98 lakhs (EPS Rs 0.25) in H1 FY25. The auditor (Vora & Associates) issued an unqualified review report. A notable disclosure: management has not made any provision for doubtful debts on trade receivables (which dropped sharply from Rs 1,385.66 lakhs to Rs 743.50 lakhs), citing expected recovery.
The revision after a regulatory query is a mild governance red flag for retail investors, though the numbers themselves show modest revenue and profit growth on a small base. The decision to skip doubtful-debt provisions on receivables is risky and could weigh on future earnings if recoveries fail.