Approval of unaudited financial results for the quarter and half year ended September 30, 2025
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The Board approved unaudited standalone results for Q2 FY26 and H1 FY26. Revenue from operations rose to Rs. 15,629.83 lakhs in Q2 FY26, up about 28.7% from Rs. 12,142.62 lakhs in Q2 FY25; H1 FY26 revenue grew roughly 25% YoY to Rs. 31,159.26 lakhs. However, profit after tax fell sharply to Rs. 162.71 lakhs in Q2 FY26 versus Rs. 694.10 lakhs a year ago, and H1 FY26 PAT dropped to Rs. 351.26 lakhs from Rs. 962.62 lakhs. The decline was driven by a one-time exceptional loss of Rs. 471.48 lakhs booked in H1 FY26, higher finance costs, and rising operating expenses (notably raw material costs and other expenses). Basic EPS for Q2 FY26 stood at Rs. 0.19 versus Rs. 0.82 in Q2 FY25. The auditor (M. Lal & Co.) issued an unqualified limited review report with no observations.
Strong top-line growth is positive, but the steep PAT fall and exceptional charge will likely cap near-term sentiment. Watch margin trajectory and whether the exceptional item is one-off or signals deeper stress; trade receivables and inventories rising faster than sales warrants scrutiny.