Q2 FY26 results: revenue up around 50%, PAT turns positive, auditor flags concern

Qualified audit opinionRevenue growth above 20%Negative operating cash flowResults View source PDF Explain this filing

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

+1.9%Reaction day

₹24.77

prior close

₹25.19

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+2.0% vs market

Other Textile Products peers, median of 179sector-0.4%+2.3% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 2.3 pts more than its Other Textile Products 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 results for the period ended Sept 30, 2025. Revenue rose to 319 crore in Q2 from 212 crore last year and to 580 crore in H1 from 414 crore. PAT swung positive at 8 crore in Q2 from a 4 crore loss and to 14 crore in H1 from an 8 crore loss. The auditor issued a qualified review report over three inoperative bank accounts from the earlier insolvency era with pending details. H1 operating cash flow was negative at 29 crore despite the accounting profits.

Likely market impact

Strong revenue growth and swing to profits are positive, but auditor qualification and negative operating cash flow warrant caution.