Announced Tue, 11 Nov · 15:38 IST

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30.09.2025

Ebitda Margin CompressionResults View source PDF

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AI summary

Revenue from operations for Q2 FY26 was Rs 3,264.25 lakhs, up about 5.5% from Rs 3,094.32 lakhs in Q2 FY25, while half-year revenue rose modestly to Rs 7,245.23 lakhs from Rs 7,079.45 lakhs. However, profits fell sharply: standalone profit after tax dropped to Rs 146.28 lakhs in Q2 (vs Rs 266.08 lakhs YoY) and to Rs 444.84 lakhs for H1 (vs Rs 601.41 lakhs YoY), a roughly 26% decline for the half year. EPS fell to Rs 5.50 for Q2 (from Rs 10.10) and Rs 16.80 for H1 (from Rs 22.70). Operating cash flow turned strongly positive at Rs 410.17 lakhs (vs a negative Rs 20.76 lakhs in H1 FY25), and cash on hand jumped to Rs 607.83 lakhs from Rs 8.24 lakhs at March 2025, helped by new borrowings of Rs 294.94 lakhs. The auditor (Doogar & Associates) issued an unqualified review report on both standalone and consolidated results.

Likely market impact

Despite top-line growth, sharp profit compression points to rising costs eating into margins, which is a negative signal for shareholders. The improved operating cash flow and stronger cash position provide some comfort, but the steep YoY fall in profits and EPS is likely to weigh on sentiment.