Outcome of Board Meeting held on 3rd November 2025
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Awaiting price reaction for this filing.
The Board approved unaudited financial results for the quarter and half year ended 30 September 2025. Revenue from operations for H1 FY26 rose about 5.6% to Rs 11,071.92 lakhs (vs Rs 10,484.06 lakhs in H1 FY25), with Q2 revenue growing ~9.2% year-on-year. Profit after tax for H1 FY26 jumped roughly 65% to Rs 105.30 lakhs (vs Rs 63.78 lakhs), translating to basic EPS of Rs 4.28 versus Rs 2.59 a year earlier. The Electricals segment returned to profit while the Plastics segment widened its loss. Operating cash flow, however, turned sharply negative at Rs (892.81) lakhs compared with a positive Rs 223.05 lakhs in H1 FY25, driven by higher receivables and inventory build-up. The statutory auditors issued a clean limited review report with no qualifications.
Modest revenue growth and a strong rebound in bottom-line profit look positive for shareholders, though shrinking PBT before tax and a large negative operating cash flow raise questions about working-capital quality and the sustainability of the Plastics segment turnaround. The stock may see limited reaction given the small absolute profit base and segment-level weakness.