Outcome of September-2025 Results

Revenue Growth 20pctPat Growth 25pctEbitda Margin ExpansionNegative Operating CashflowDebt Equity ThresholdResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹13.40

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Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+0.9% vs market

Other Electrical Equipment peers, median of 40sector-0.2%+2.1% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 2.1 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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+4.0+2.0+1.9+1.6+2.4

+6.0+1.6+4.4+0.8+5.2

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+243.5-10.9+254.4-20.2+263.7

UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 40Pending

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

AI summary

The Board approved unaudited standalone results for the quarter and half-year ended 30 September 2025 on 17 October 2025, with a clean (unqualified) limited review from Vermas & Associates. Revenue from operations surged to ₹923.89 lakhs in H1 FY26 from just ₹171.64 lakhs in H1 FY25 — a roughly 5x jump driven by the September quarter (₹728.46 lakhs). The company swung to a net profit of ₹190.83 lakhs in H1 FY26 from a loss of ₹13.51 lakhs a year ago, with Q2 FY26 alone posting ₹150.03 lakhs profit and EPS of ₹4.44 (H1 EPS ₹5.65). Margins expanded sharply, with profit-before-tax margin reaching roughly 20%. However, operating cash flow was NEGATIVE at ₹(49.69) lakhs, and trade receivables ballooned to ₹713.67 lakhs from ₹141.57 lakhs, raising concerns about cash quality. Accumulated losses (other equity) remain negative at ₹(258.75) lakhs.

Likely market impact

Headline turnaround is impressive and may support a short-term positive stock reaction, but weak cash conversion, surging receivables and a still-negative reserves balance mean the quality of earnings is questionable. Shareholders should watch for collection of the ₹713+ lakh receivables and sustained margin expansion in coming quarters before treating this as a structural recovery.