Outcome of Board Meeting held on 14th November, 2025 for approval of Half Yearly Financial Results
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The Board approved standalone unaudited financial results for the half-year ended September 30, 2025, along with a clean Limited Review Report from statutory auditor Piyush Kothari & Associates. Revenue from operations rose sharply to Rs 2,379.79 lakhs from Rs 739.02 lakhs in the corresponding prior period (H1 FY25), while Profit After Tax came in at Rs 206.67 lakhs versus Rs 81.47 lakhs, translating to EPS of Rs 1.96 (vs Rs 1.06). However, cost of raw materials and overall expenses grew even faster than revenue, indicating margin pressure at the operating level. The company also appointed L M Agarwal & Co. as internal auditor for FY 2025-26. Of the Rs 1,001 lakhs raised via the December 2024 IPO, Rs 961 lakhs (96%) has been utilised, with Rs 40 lakhs of working capital funds still pending deployment (parked in FDs).
Strong top-line and bottom-line growth shows business expansion, but compressed margins and Rs 843.70 lakhs of capex deployed during the half (visible in PPE jumping from Rs 372.80 to Rs 1,211.93 lakhs) mean investors should watch execution on the new capacity. Operating cash flow improved sharply to Rs 676.78 lakhs (from a small outflow last year), supporting the growth story, though the H1 FY25 comparative numbers were not subject to auditor review which warrants some caution.