Sep 2026 results: half-year revenue up 27%, but profit and margins down

EBITDA margin compressionResults restatedResults View source PDF Explain this filing

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

-9.4%Reaction day

₹57.42

prior close

₹51.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-9.8% vs market

Industrial Products peers, median of 128sector-0.3%-9.2% vs sector

On the reaction day the stock moved 9.8 pts less than Nifty Microcap 250 and 9.2 pts less than its Industrial Products 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

-2.8

10m

-3.3

15m

-3.4

30m

-3.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-9.4+0.4-9.8-0.3-9.2

Next day

-9.3+2.1-11.4+1.7-11.0

-9.4+2.2-11.6+1.8-11.2

-8.8+2.9-11.7+1.9-10.7

-8.7+0.3-9.0+0.5-9.2

-6.8+1.8-8.6+1.8-8.7

-1.6+4.2-5.8+3.5-5.1

15d

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 128Pending

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

AI summary

Consolidated revenue rose 10% YoY to Rs 10,191 lakh in the Sep 2026 quarter and 27% to Rs 22,498 lakh for the half year. Quarterly net profit fell 41% to Rs 826 lakh and half-year profit slipped 12% to Rs 2,561 lakh as material costs surged. Standalone half-year revenue fell 17% to Rs 14,739 lakh, profit down 23%, operating cash flow negative Rs 1,731 lakh. Group figures restated after a subsidiary moved to Ind AS; review clean.

Likely market impact

Profit fell despite higher group revenue, and standalone operating cash flow turned negative, pointing to weaker margins for shareholders.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹101.9 Cr	₹92.25 Cr	+10.5%
Operating profit	₹7.07 Cr	₹16.50 Cr	−57.1%
Profit after tax	₹8.26 Cr	₹14.10 Cr	−41.4%
EBITDA margin	9.8%	19.8%	−10.1 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.