Q2 FY26 results out, CFO elevated, continued losses widen

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

-2.7%Reaction day

₹259.20

prior close

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announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.4%-2.3% vs market

Residential Commercial Projects peers, median of 59sector-0.5%-2.3% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 2.3 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Board approved Q2 and H1 FY26 unaudited results. Consolidated revenue rose to Rs 644.20 crore from Rs 495.54 crore YoY. However, consolidated net loss widened to Rs 42.99 crore (vs Rs 17.06 crore YoY), with H1 FY26 loss at Rs 111.54 crore against Rs 2.28 crore in the year-ago period. Standalone Q2 net loss was Rs 36.21 crore. The Board also elevated Mr Niraj Kumar Gautam from Deputy CFO to CFO effective September 24, 2025, and named him Nodal Officer. Finance costs rose sharply to Rs 168.58 crore in Q2 from Rs 140.78 crore YoY.

Likely market impact

Revenue growth but deeper losses and rising finance costs may pressure sentiment; CFO elevation brings continuity in leadership.