Q2 sales rise 36%, net profit rises 58%, but operating cash flow is negative

Revenue growth above 20%Profit growth above 25%Negative operating cash flowResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-5.0%Reaction day

₹313.00

prior close

₹313.30

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.5%-2.5% vs market

Iron & Steel Products peers, median of 106sector-0.8%-4.2% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 4.2 pts less than its Iron & Steel Products 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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Sessions after the filingfrom the prior close

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Reaction day

-5.0-2.5-2.5-0.8-4.2

Next day

-9.8-1.1-8.7-0.0-9.8

-12.2-0.8-11.3+0.0-12.2

-16.0+1.3-17.3+2.7-18.7

-9.7+2.5-12.2+3.3-13.0

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 106Pending

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AI summary

For the quarter ended 30 September 2026, National Fittings reported sales of Rs 32.09 crore, up 35.7% from Rs 23.64 crore a year earlier. Profit after tax rose 57.6% to Rs 2.90 crore, and EPS was Rs 3.19. For the first half, sales grew 33.9% and profit after tax rose 53.3% to Rs 6.84 crore. First-half operating cash flow was an outflow of Rs 4.40 crore.

Likely market impact

Strong sales and profit growth could support the stock, but negative operating cash flow and higher trade receivables keep near-term risk elevated.

By the numbersStandalone · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹32.09 Cr	₹23.64 Cr	+35.7%
Operating profit	₹2.48 Cr	₹1.61 Cr	+54.0%
Profit after tax	₹2.90 Cr	₹1.84 Cr	+57.6%
EBITDA margin	10.5%	10.3%	+0.2 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.