UnAudited Quarterly & Half yearly Results for quarter ended 30th September, 2025 for F.Y 2025-26
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Multiplus Holdings reported unaudited results for Q2 FY26 and H1 FY26, approved at a board meeting on 14 November 2025. Total revenue from operations for H1 FY26 stood at ₹167.19 lakhs, up roughly 16% from ₹144.34 lakhs in H1 FY25, though Q2 FY26 revenue of ₹80.08 lakhs dipped about 7% YoY from ₹86.24 lakhs. Profit after tax for Q2 FY26 was around ₹71.77 lakhs versus ₹69.43 lakhs in Q2 FY25, showing only a marginal improvement. The auditor (DGMS & Co.) issued a clean limited review report with no qualifications or observations. The balance sheet remains debt-free, with cash and equivalents rising to ₹995.49 lakhs (from ₹860.66 lakhs at March 2025) and operating cash flow positive at ₹54.35 lakhs for the period.
Results are mixed — the half-year shows decent top-line growth, but Q2 saw a YoY revenue dip, and bottom-line growth is flat, suggesting limited earnings momentum. The debt-free balance sheet and growing cash pile provide stability, but the small absolute size of the business and tepid profitability mean limited near-term re-rating catalysts.