Financial Results for the Qtr and half year ended on September 30, 2025

Revenue growth above 20%Profit growth above 25%EBITDA margin compressionNegative operating cash flowEmphasis of matterResults View source PDF Explain this filing

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

-0.2%Reaction day

₹26.75

prior close

₹27.88

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-0.8% vs market

Plastic Products - Industrial peers, median of 41sector-0.7%+0.5% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.5 pts more than its Plastic Products - Industrial 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

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 41Pending

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AI summary

The Board approved standalone unaudited financial results for Q2 FY26 and H1 FY26 ended September 30, 2025. Revenue from operations for Q2 stood at ₹313.00 lakhs vs ₹98.10 lakhs in Q2 FY25, a sharp ~219% YoY jump. For the half-year, revenue surged to ₹623.16 lakhs from ₹98.10 lakhs in H1 FY25 (~535% growth). Profit after tax for Q2 was ₹40.71 lakhs (vs ₹19.48 lakhs YoY) and ₹80.80 lakhs for H1 (vs ₹23.56 lakhs YoY), translating to an EPS of ₹2.23 for the half-year. However, operating cash flow turned negative at -₹23.67 lakhs (vs +₹21.28 lakhs last year), mainly because trade receivables ballooned to ₹913.28 lakhs from ₹290.13 lakhs as of March 2025. The statutory auditor issued an unmodified limited review report, with a note drawing attention to the cash flow statement not being subjected to review.

Likely market impact

The dramatic revenue and profit growth is a strong positive signal for the stock, but the negative operating cash flow and surging receivables (now ~3x equity) indicate that profits are largely on paper and not yet collected. Shareholders should weigh the headline earnings beat against worsening cash conversion and rising working-capital risk.