Outcome of Board Meeting held on 14.11.2025
Price
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Awaiting price reaction for this filing.
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.
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.