September 2026 results qualified despite strong sales and profit growth

Qualified OpinionRevenue Growth 20pctPat Growth 25pctEbitda Margin ExpansionNegative Operating CashflowResults View source PDF Explain this filing

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

+6.1%Reaction day

₹45.55

prior close

₹51.20

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.7%+4.4% vs market

Specialty Chemicals peers, median of 100sector+1.6%+4.5% vs sector

On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250 and 4.5 pts more than its Specialty Chemicals 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

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Reaction day

+6.1+1.7+4.4+1.6+4.5

Next day

+6.5pendingpending+1.9+4.6

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 100Pending

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AI summary

Board approved quarter and half-year results for September 2026. Quarter sales rose to Rs 2,037.09 lakh from Rs 674.12 lakh; profit was Rs 621.53 lakh versus a Rs 362.49 lakh loss. Half-year sales rose 169% to Rs 6,185.13 lakh; profit was Rs 637.03 lakh versus a Rs 332.10 lakh loss. Operating cash flow was negative Rs 195.04 lakh. The qualified review cited inventory overstatement of Rs 899.59 lakh and pretax profit impact of Rs 614.81 lakh.

Likely market impact

Strong growth is positive, but the inventory qualification and negative operating cash flow raise profit quality concerns and may weigh on sentiment.