Q2 FY26 results: revenue up, profits decline sharply
MUNJALAU · price
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On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 2.6 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Munjal Auto Industries Q2 FY26 standalone revenue rose 13% YoY to Rs 374.44 crore, but standalone PAT fell 58% to Rs 6.34 crore vs Rs 15.08 crore. Consolidated revenue grew 12% to Rs 584.09 crore while consolidated PAT dropped 34% to Rs 13.48 crore. Margins compressed sharply due to higher material and other costs. Company shifted to new 25.17% tax regime, booking a Rs 4.09 crore one-time non-cash charge. H1 FY26 operating cash flow was negative at Rs 17.68 crore standalone and Rs 17.96 crore consolidated, though H1 consolidated PAT grew 7% to Rs 32.80 crore.
Profit decline despite revenue growth and negative operating cash flow signal margin pressure. H1 consolidated PAT growth was modest at 7%.