Q2 profit jumps as revenue includes Rs 35.50 crore past-year incentive

Pat Growth 25pctEbitda Margin ExpansionExceptional ItemResults View source PDF Explain this filing

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

+4.9%Reaction day

₹92.89

prior close

₹90.85

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.7%+6.6% vs market

Auto Components & Equipments peers, median of 109sector-1.4%+6.3% vs sector

On the reaction day the stock moved 6.6 pts more than Nifty Microcap 250 and 6.3 pts more than its Auto Components & Equipments 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

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AI summary

The board approved standalone and consolidated unaudited Q2 and half-year results for September 30, 2025. Standalone Q2 revenue rose 4.9% to Rs 582.65 crore, while profit after tax jumped from Rs 2.09 crore to Rs 18.03 crore. Half-year revenue rose 4.7% to Rs 1,139.48 crore, and profit after tax rose from Rs 8.34 crore to Rs 41.10 crore. Q2 and Q1 revenue included Rs 35.50 crore and Rs 53.20 crore of Gujarat incentives for earlier years.

Likely market impact

Shareholders may view the profit jump positively, but it was heavily supported by a prior-year incentive; underlying revenue was broadly flat.