Q2 FY26 results: PAT jumps, revenue declines; Ind AS restatement done

Revenue declinedProfit growth above 25%EBITDA margin expansionResults restatedResults View source PDF Explain this filing

LEMERITE · price

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

+0.8%Reaction day

₹101.00

prior close

₹101.35

announcement price

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timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+1.4% vs market

Trading - Textile Products peers, median of 7sector-2.0%+2.8% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 2.8 pts more than its Trading - Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Trading - Textile Products peers, median of 7Pending

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

AI summary

Le Merite Exports reported Q2 FY26 standalone revenue of Rs 9,821 lakhs (down from Rs 11,046 in Q1). H1 revenue fell about 20% to Rs 20,868 lakhs vs Rs 26,237 last year. However, H1 PAT surged over 4 times to Rs 871 lakhs from Rs 206 lakhs, with Q2 PAT at Rs 441 lakhs (vs Rs 161 YoY). PBT margin expanded sharply. Results resubmitted under Ind AS as paid-up capital crossed Rs 25 crore after warrant conversions.

Likely market impact

Sharp profit growth on margin expansion despite weaker revenue; Ind AS adoption may affect comparability with prior filings.