Q2 FY26 results: Standalone loss on German subsidiary impairment

Revenue DeclinePat NegativeExceptional ItemEbitda Margin CompressionResults View source PDF Explain this filing

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

+0.3%Reaction day

₹178.49

prior close

₹173.68

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.9%-0.6% vs market

Auto Components & Equipments peers, median of 109sector+0.8%-0.5% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.5 pts less than its Auto Components & Equipments 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

+1.6

10m

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15m

+1.9

30m

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Sessions after the filingfrom the prior close

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Reaction day

+0.3+0.9-0.6+0.8-0.5

Next day

+5.3+0.8+4.4+0.4+4.9

+5.0+0.7+4.2+0.3+4.7

+7.1+1.3+5.7+0.5+6.6

+4.5+0.5+4.0-0.2+4.7

+4.0+0.4+3.7-0.4+4.4

+0.6-1.5+2.1-2.4+3.0

15d

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-14.3-7.2-7.0-7.6-6.6

-11.8-5.0-6.8-4.0-7.8

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 109Pending

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

AI summary

Board approved Q2/H1 FY26 results. Standalone revenue fell about 16% YoY to Rs 140.47 cr. PAT swung to a loss of Rs 42.65 cr in Q2 and Rs 17.02 cr in H1, hit by a Rs 57.76 cr impairment on its German step-down subsidiary MFT Motoren, which entered insolvency. Consolidated PAT was Rs 13.16 cr in Q2 on Rs 198.18 cr revenue. MFT was de-consolidated from Sept 8, 2025.

Likely market impact

One-time subsidiary impairment drove standalone losses; core operations remain profitable. De-consolidation cleans up group structure going ahead.