Quarterly revenue rises 31% and profit 48%; tax search risk persists

Profit growth above 25%Emphasis of matterRevenue declinedResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-1.5%Reaction day

₹107.16

prior close

₹103.70

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.2%-3.7% vs market

Footwear peers, median of 9sector+0.5%-2.0% vs sector

On the reaction day the stock moved 3.7 pts less than Nifty Microcap 250 and 2.0 pts less than its Footwear 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

+2.0

10m

+1.3

15m

+1.7

30m

+1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5+2.2-3.7+0.5-2.0

Next day

+0.0+3.3-3.3+2.4-2.4

-0.4pendingpending+1.5-1.9

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15d

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UpDownMarket · Nifty Microcap 250Sector · Footwear peers, median of 9Pending

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

AI summary

For the consolidated quarter ended 30 September 2026, revenue from operations was Rs 500.97 crore, up 31.2% from Rs 381.79 crore a year earlier, and profit after tax was Rs 41.79 crore, up 48.3% from Rs 28.17 crore. Consolidated half-year revenue from operations was Rs 942.76 crore and profit after tax Rs 70.73 crore. Auditors highlighted September 2025 income-tax searches but did not alter their conclusion; the impact on results is unknown.

Likely market impact

Strong quarterly growth supports shareholder sentiment, but unresolved tax searches leave regulatory uncertainty and could delay clarity on earnings.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹474.8 Cr	₹492.4 Cr	−3.6%
Operating profit	₹33.12 Cr	₹32.23 Cr	+2.8%
Profit after tax	₹34.93 Cr	₹27.54 Cr	+26.8%
EBITDA margin	15.8%	14.8%	+1.0 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.