Q2 FY26 results: Rs 500 cr rights issue approved

Exceptional itemEmphasis of matterGoing-concern doubtResults View source PDF Explain this filing

PATELENG · price

Loading chart…

▲ 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

+0.2%Reaction day

₹35.52

prior close

₹35.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+0.3% vs market

Civil Construction peers, median of 97sector-0.7%+0.9% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.9 pts more than its Civil Construction 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

+0.1

10m

+0.4

15m

+0.5

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.2-0.1+0.3-0.7+0.9

Next day

+0.9-0.2+1.1-0.3+1.2

+0.3+0.4-0.1-0.6+0.9

-2.0-0.4-1.6-2.1+0.0

-0.9-0.6-0.3-2.6+1.7

-2.2-0.9-1.3-2.6+0.4

-9.3-3.0-6.3-4.7-4.6

15d

-6.8-3.9-2.9-7.2+0.4

-17.5-4.8-12.6-6.2-11.3

-25.0-7.8-17.3-12.2-12.8

-14.4-7.2-7.2-15.8+1.4

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved Q2 and H1 FY26 standalone and consolidated results plus a rights issue of up to Rs 500 crore. Standalone revenue Rs 11,977.69 mn (Q2) and Rs 24,222.58 mn (H1) versus Rs 11,545.53 mn and Rs 22,369.91 mn last year. Standalone PAT Rs 581.46 mn (Q2) and Rs 1,277.51 mn (H1) versus Rs 816.84 mn and Rs 1,495.42 mn, a decline of about 14.6 percent for H1. Exceptional charge of Rs 309.28 mn for USA subsidiary claim settlement. Also allotted Rs 90 cr NCDs at 10.25 percent. Auditor flagged going concern issues at three subsidiaries including DEPL.

Likely market impact

Revenue grew but standalone PAT fell. Rs 500 cr rights issue may dilute shareholders. Going concern flags at subsidiaries are a risk to watch.