Outcome of Board Meeting held on 14.11.2025

Revenue declinedEBITDA margin compressionDebt to equity above the thresholdResults View source PDF Explain this filing

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

-1.8%Reaction day

₹20.17

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-2.4% vs market

Cement & Cement Products peers, median of 34sector-0.1%-1.8% vs sector

On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 1.8 pts less than its Cement & Cement Products 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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UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 34Pending

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

AI summary

The Board approved unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025). Revenue from operations fell sharply to ₹38.99 crore in Q2 FY26 from ₹99.64 crore in Q2 FY25, a drop of about 61% year-on-year. For H1 FY26, total revenue declined to ₹138.63 crore from ₹169.89 crore in H1 FY25, while net profit collapsed by roughly 95% to just ₹16.75 lakh from ₹379.69 lakh. Profit margins compressed significantly as costs remained elevated relative to a much lower revenue base. Operating cash flow stayed positive at ₹21.31 crore but cash and bank balances declined to ₹1.84 crore from ₹2.33 crore (March 2025), and total debt of around ₹103.78 crore against equity of about ₹93.77 crore keeps the debt-to-equity ratio elevated above 1.0.

Likely market impact

Sharp revenue and profit collapse signals serious operational weakness and margin pressure, which is negative for the stock. Elevated debt with weak earnings heightens financial risk for shareholders.