Nahar Capital half-year profit nearly triples despite heavy cash outflow

Profit growth above 25%Negative operating cash flowResults restatedRevenue declinedEBITDA margin compressionResults View source PDF Explain this filing

NAHARCAP · price

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Price reactionminutes from the announcement price · days from the prior close

-1.3%Reaction day

₹225.00

prior close

₹224.48

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%-2.7% vs market

Investment Company peers, median of 52sector+0.9%-2.1% vs sector

On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.1 pts less than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

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15m

-0.2

30m

+1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3+1.4-2.7+0.9-2.1

Next day

-0.6+1.7-2.3+1.4-2.0

+3.6+3.9-0.4+2.2+1.3

+1.8+5.1-3.3+3.3-1.5

+0.4pendingpending+3.2-2.8

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AI summary

Nahar Capital filed unaudited results for the quarter and half-year ended 30 September 2026. For the half-year, consolidated revenue rose 27 percent to Rs 19.43 crore and profit after tax nearly tripled to Rs 94.66 crore from Rs 31.87 crore. Associates contributed Rs 83.57 crore, while standalone operating cash outflow was Rs 46.44 crore. Prior figures were recast. A new tax regime limits comparability; review found no material issue.

Likely market impact

Profit growth may support the stock, but heavy reliance on associates and negative cash flow keep risks elevated.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹11.63 Cr	₹14.97 Cr	−22.3%
Operating profit	₹8.21 Cr	₹11.20 Cr	−26.7%
Profit after tax	₹27.22 Cr	₹20.38 Cr	+33.5%
EBITDA margin	75.3%	78.3%	−3.0 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.