Indosolar Q2 FY26 PAT falls to Rs 5 cr from Rs 46 cr; merger with Waaree approved

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WAAREEINDO · price

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

-1.6%Reaction day

₹204.12

prior close

₹196.02

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%-0.6% vs market

Heavy Electrical Equipment peers, median of 34sector-1.3%-0.4% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.4 pts less than its Heavy Electrical Equipment peers, 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

+2.7

10m

+2.0

15m

+1.8

30m

+2.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6-1.0-0.6-1.3-0.4

Next day

-2.1-3.3+1.2-4.9+2.8

-6.4-2.9-3.5-2.7-3.7

-8.4-1.3-7.2+0.1-8.5

-8.0-1.2-6.8+0.6-8.6

-3.2-0.5-2.7-0.1-3.1

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15d

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UpDownMarket · Nifty Microcap 250Sector · Heavy Electrical Equipment peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Indosolar Q2 FY26 results: total income Rs 157 cr vs Rs 203 cr year-on-year. Profit after tax fell to about Rs 5 cr from Rs 46 cr. Half year revenue dropped to Rs 234 cr from Rs 399 cr. Board approved draft merger scheme with parent Waaree Energies under which Indosolar will merge into Waaree. Auditor SGCO gave an unqualified review. H1 operating cash flow was Rs 80 cr.

Likely market impact

Weak quarter hurts, but proposed merger with larger parent Waaree may offer long-term value and synergies for shareholders.