This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Half-year revenue rises 20.7%, but profit and cash flow weaken
MEIL · price
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For the September 2026 quarter, revenue from operations was Rs 168.58 crore, up 9.2% year on year. Half-year revenue rose 20.7% to Rs 294.41 crore, but profit after tax fell 73.4% to Rs 4.52 crore from Rs 17.03 crore. Operating cash flow was an outflow of Rs 14.59 crore. CARE noted delayed capital spending and Rs 77.50 crore of unused issue funds; the share price was 58% below the issue price on October 26, 2026.
Revenue growth did not lift profit. Lower margins, negative cash flow and delayed spending may weigh on sentiment and the share price.
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Revenue | ₹168.6 Cr | ₹154.3 Cr | +9.2% |
| Operating profit | ₹12.51 Cr | ₹16.52 Cr | −24.2% |
| Profit after tax | ₹10.97 Cr | ₹13.30 Cr | −17.5% |
| EBITDA margin | 9.2% | 14.2% | −5.0 pp |
From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.