Q2 FY26 Results: PAT more than doubles YoY, auditor flags emphasis of matter

Profit growth above 25%Revenue growth above 20%Exceptional itemEmphasis of matterResults View source PDF Explain this filing

NIRAJ · price

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

+2.4%Reaction day

₹32.33

prior close

₹33.95

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+2.5% vs market

On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250, 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

-2.6

10m

-2.0

15m

-1.9

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+2.4-0.1+2.5

Next day

+5.0+0.5+4.5

+4.1-0.3+4.4

+12.7-0.5+13.2

+19.5-0.8+20.3

+17.5-2.3+19.8

+16.3-2.8+19.1

15d

+9.3-4.9+14.1

+2.7-4.7+7.4

+6.7-7.7+14.4

-2.3-7.8+5.6

UpDownMarket · Nifty Microcap 250Pending

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AI summary

Niraj Cement Structurals reported Q2 FY26 standalone net profit of Rs 917.83 lakhs vs Rs 404.97 lakhs in Q2 FY25, more than doubling YoY. H1 FY26 standalone PAT rose to Rs 1,027.36 lakhs from Rs 485.87 lakhs. Total income and profit before tax grew sharply on higher construction activity. The auditor issued an unmodified review but flagged an emphasis of matter covering unbilled revenue, disputed contracts, a DGGI search case and income tax issues.

Likely market impact

Strong YoY profit growth more than doubling, but auditor flagged multiple emphasis-of-matter items including legal disputes.