Outcome of the Board Meeting held on November12, 2025

Revenue growth above 20%EBITDA margin compressionNegative operating cash flowResults View source PDF Explain this filing

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

+2.1%Reaction day

₹199.80

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+2.2% vs market

Other Financial Services peers, median of 82sector+0.0%+2.1% vs sector

On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250 and 2.1 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 82Pending

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

AI summary

The Board of Directors approved the unaudited standalone financial results for Q2 FY26 (quarter ended September 30, 2025) and H1 FY26 (half year ended September 30, 2025). Revenue from operations surged to ₹2,236.32 lakhs in Q2 FY26 from ₹559.42 lakhs in Q2 FY25 — roughly a 4x jump — while H1 revenue rose about 80% to ₹3,219.06 lakhs. However, profit after tax for Q2 dipped to ₹122.99 lakhs (vs ₹139.60 lakhs in Q2 FY25) and H1 PAT grew only marginally to ₹242.07 lakhs, meaning margins compressed sharply as input/purchase costs scaled faster than profits. The auditor (KD N & Associates LLP) issued an unqualified limited review report with no modifications. Balance sheet shows equity raised via fresh share issuance (₹948.59 lakhs vs ₹898.59 lakhs), while cash on hand dropped sharply from ₹3,691.66 lakhs to ₹435.97 lakhs.

Likely market impact

Top-line growth is strong but profitability is lagging — shareholders should note that PAT declined in Q2 and operating cash flow turned negative (₹-51.98 lakhs vs +₹200.19 lakhs in H1 FY25), with cash reserves depleting substantially. Watch margin trajectory and working-capital absorption closely in upcoming quarters.