Outcome of Board Meeting
PRADPME · price
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Pradeep Metals' Board approved unaudited standalone and consolidated results for Q2 FY26 (ended Sept 30, 2025) and H1 FY26. Standalone Q2 revenue rose ~14.3% YoY to ₹8,228 lakhs and Q2 PAT grew ~19.6% to ₹642 lakhs, with EPS at ₹3.72 vs ₹3.11. H1 FY26 standalone revenue grew ~13.6% to ₹15,569 lakhs, but H1 PAT was nearly flat at ₹1,106 lakhs vs ₹1,121 lakhs in H1 FY25. Consolidated Q2 revenue rose ~15.5% to ₹8,566 lakhs and consolidated H1 PAT marginally dipped to ₹1,295 lakhs vs ₹1,346 lakhs. EBITDA margins showed mixed trends, with Q2 standalone margin expanding ~90 bps YoY while H1 saw mild compression due to higher depreciation. Operating cash flow remained healthy at ₹1,823 lakhs (standalone) and ₹1,784 lakhs (consolidated) for H1.
Strong Q2 revenue and profit growth signal improving momentum, though flat-to-slightly-down H1 PAT indicates margin pressure from higher depreciation and finance costs. Shareholders should note the auditor change to KKC & Associates LLP (predecessor auditors reviewed prior periods) and the pending NCLT approval of the Nami Capital amalgamation scheme.