Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company, in their meeting ....
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The Board approved unaudited standalone and consolidated financial results for Q2 FY26 and H1 FY26, with a clean (unmodified) limited review report from the auditor. On a standalone basis, revenue from operations fell sharply to Rs 43.89 lakhs in Q2 (vs Rs 121.81 lakhs in Q2 FY25) and Rs 82.46 lakhs for H1 (vs Rs 158.01 lakhs), a roughly 48% YoY decline in the core dry cleaning business. However, total income stayed higher thanks to other income of Rs 81.60 lakhs in Q2 and Rs 113.05 lakhs in H1. Standalone profit after tax rose to Rs 59.25 lakhs in Q2 (vs Rs 48.52 lakhs) and Rs 84.60 lakhs for H1 (vs Rs 75.10 lakhs). On a consolidated basis, including two food/agricultural subsidiaries, revenue from operations grew to Rs 134.29 lakhs in Q2 and Rs 172.86 lakhs in H1, while PAT jumped about 63% YoY in Q2 (Rs 79.14 lakhs) and 39% in H1 (Rs 104.48 lakhs). Capital work-in-progress swelled to Rs 417.61 lakhs and cash balances dropped to Rs 81.22 lakhs (standalone) reflecting heavy capex.
Mixed signals: the core standalone dry-cleaning business is clearly shrinking on a revenue basis, but consolidated profit is being lifted by new subsidiary contributions. Shareholders may see short-term earnings support from subsidiaries, but should watch the falling core revenue and depleting cash balance from ongoing capex.