Approved the Un-audited Standalone and Consolidated Financial Results for the quarter and half year ended on 30th September, 2025.
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Menon Pistons' Board approved unaudited Q2 FY26 and H1 FY26 results on 9th November 2025. Standalone revenue from operations rose ~8.4% YoY to Rs 5,941.84 lakhs in Q2 and ~11.1% YoY to Rs 12,391.93 lakhs for H1, but standalone profit after tax fell ~2.1% YoY to Rs 456.26 lakhs in Q2 and ~5.5% YoY to Rs 976.01 lakhs for H1 (EPS Rs 1.91 vs Rs 2.02). On a consolidated basis (including subsidiaries Rapid Machining Technologies and Lunar Enterprise), H1 revenue grew ~14.9% YoY to Rs 15,483.04 lakhs and consolidated PAT grew ~6.8% YoY to Rs 1,471.21 lakhs (EPS Rs 2.88). Operating expenses grew faster than revenue, leading to compression in standalone EBITDA margin (roughly 17.3% to 15.3% YoY). Statutory auditor P G Bhagwat LLP issued a clean limited review report with no qualifications or emphasis of matter. The Board also reviewed and updated the company's Related Party Transaction policy.
Revenue growth is healthy, especially on a consolidated basis supported by subsidiaries, but standalone earnings are pressured by rising operating and depreciation costs squeezing margins - shareholders should watch for sustained margin recovery in coming quarters. No auditor concerns flagged, dividend of Rs 510 lakhs was paid during H1, and capex continues (capital work-in-progress of Rs 1,008 lakhs).