Q2 FY26 results: standalone revenue up 48% YoY, PAT jumps 4.5x; WesTech deal cleared
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On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.6 pts more 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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Board approved Q2 and H1 FY26 unaudited results. Standalone Q2 revenue rose 48 percent YoY to Rs 114.24 crore with PAT at Rs 17.42 crore versus Rs 3.15 crore in Q2 FY25, EPS Rs 2.77. Consolidated Q2 revenue stood at Rs 157.54 crore with PAT of Rs 10.97 crore. Board approved proposed acquisition of Wes Tech Process Equipment India and noted due diligence on Penstocks UK buyout. Auditor Deloitte Haskins and Sells issued a clean limited review with no qualifications.
Strong standalone Q2 show and WesTech acquisition approval should lift investor sentiment; consolidated H1 PAT softness merits watch.