Dear Sir, Please find the attachment. Regards, For MRC Agrotech Limited Compliance Officer/ Authorised Signatory
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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MRC Agrotech reported standalone revenue from operations of Rs. 491.98 lacs for Q2 FY26, up about 33% from Rs. 370.37 lacs in Q2 FY25. For the half year (H1 FY26), revenue grew nearly 51% to Rs. 948.60 lacs versus Rs. 628.69 lacs in H1 FY25. However, profitability took a sharp hit — standalone profit before tax for Q2 collapsed to just Rs. 1.12 lacs (from Rs. 14.67 lacs), and H1 PBT fell to Rs. 13.87 lacs from Rs. 21.93 lacs. Standalone H1 PAT declined to Rs. 10.67 lacs (from Rs. 16.01 lacs), with EPS of Rs. 0.05. On a consolidated basis (including 51% subsidiary Agronica Seeds Spark Pvt Ltd), H1 revenue rose to Rs. 992.74 lacs and PAT stood at Rs. 15.07 lacs. The auditor (Choudhary Choudhary & Co.) issued an unqualified limited review report. A major red flag is deeply negative operating cash flow of Rs. -789.99 lacs (standalone) and Rs. -791.76 lacs (consolidated) for H1, driven by a sharp rise in trade receivables and fall in trade payables.
Despite strong top-line growth, sharply compressed margins and a steep swing to negative operating cash flow are concerning for shareholders — the business is selling more but collecting far less, which pressures liquidity. The stock may react negatively given the weak quality of earnings despite headline revenue growth.