Q2 FY26 revenue rises 23% and owners' profit rises 36%

Revenue Growth 20pctPat Growth 25pctEbitda Margin ExpansionResults View source PDF Explain this filing

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.4%+1.5% vs market

Iron & Steel Products peers, median of 92sector-0.6%+1.8% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.8 pts more than its Iron & Steel 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

Unaudited Q2 FY26 consolidated revenue rose 23% year on year to Rs 1,191.69 crore, while profit attributable to owners rose 36% to Rs 136.22 crore. Half-year revenue rose 9% and owners' profit rose 30%. The comparison is not like-for-like because two newer subsidiaries were absent from the prior period. Standalone Q2 net profit rose 6% to Rs 108.19 crore but fell 25% from Q1. Half-year operating cash flow was Rs 739.03 crore.

Likely market impact

Strong profit growth and cash flow are positive, but standalone Q2 net profit fell 25% from Q1 and the filing gives no future guidance.