The Board of Director in their meeting held today have considered and approved the Unaudited Standalone & Consolidated Results for the quarter and half year ended 30th September, 2025
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Modern Insulators reported strong growth for Q2 FY26, with standalone revenue from operations rising to Rs. 17,650.85 lacs from Rs. 11,491.69 lacs a year ago, a jump of about 54%. Profit after tax for the quarter stood at Rs. 1,753.28 lacs, up roughly 34% YoY. For the half year, revenue grew to Rs. 31,788.12 lacs (vs Rs. 21,874.14 lacs) and PAT rose to Rs. 3,366.83 lacs from Rs. 2,089.56 lacs, a 61% jump. The Insulators segment drove the growth, while Terry Towels remained broadly flat. The auditor (RB Verma & Associates) issued a qualified review report because tax provisions of Rs. 12,265.88 lacs (cumulative) have not been booked pending a proposed amalgamation. The company also extended interest-free unsecured loans of Rs. 7,414 lacs to a related party and Rs. 1,358 lacs to its wholly owned subsidiary, with no specified repayment terms.
Strong top-line and bottom-line growth with improving margins is positive for shareholders, but the qualified audit opinion, the large unprovided tax liability tied to a pending amalgamation, and sizeable related-party loans without repayment terms are risk flags investors should watch closely.