Q2 FY26 income rises 20%; bookings and EBITDA margin decline

Emphasis Of MatterRevenue Growth 20pctPat Growth 25pctEbitda Margin CompressionRelated Party TransactionsNegative Operating CashflowResults View source PDF Explain this filing

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

-5.1%Reaction day

₹687.00

prior close

₹682.80

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-5.4% vs market

Residential Commercial Projects peers, median of 60sector-0.8%-4.3% vs sector

On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 4.3 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.9

10m

-1.0

15m

-2.1

30m

-3.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.1+0.2-5.4-0.8-4.3

Next day

-5.5+0.7-6.2+0.2-5.7

-8.3+0.5-8.8+0.1-8.4

-10.0+0.1-10.1-0.3-9.6

-9.7+1.2-10.9+0.8-10.5

-10.1+0.4-10.5+0.2-10.3

-12.9-0.9-12.0-2.0-10.9

15d

-24.8-1.1-23.7-3.4-21.4

-26.7-2.7-24.0-3.8-23.0

-29.6-6.3-23.2-7.0-22.5

-37.8-11.7-26.1-16.8-21.1

UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 60Pending

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

AI summary

Q2 FY26 consolidated total income rose 20% to ₹706 crore; EBITDA grew 7% to ₹101 crore, but margin fell to 14.3% from 16.1%. Profit was ₹60.18 crore versus ₹4.92 crore, but earnings per share fell to ₹9.04 from ₹29.83 following issuance. Bookings fell to ₹455 crore from ₹562 crore; six-month operating cash flow was negative ₹319.08 crore. Net cash: ₹48 crore; first-half loans to subsidiaries were ₹353.01 crore. The demerger limits comparisons.

Likely market impact

Profit grew, but per-share earnings fell after share issuance; weak bookings, margin and cash flow may weigh. Second-half launches are catalysts.