Unaudited financial results for the quarter ended 30-09-2025 along with limited review report

Negative operating cash flowRelated-party transactionsResults View source PDF Explain this filing

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

+0.0%Reaction day

₹138.95

prior close

₹140.95

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+0.3% vs market

Iron & Steel Products peers, median of 93sector+0.0%+0.0% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and in line with its Iron & Steel 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

+3.9

10m

-0.7

15m

+2.9

30m

+2.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0-0.3+0.3+0.0+0.0

Next day

+0.0+0.7-0.7+0.2-0.2

+0.0+0.6-0.5-0.4+0.4

-0.7+0.5-1.2-0.0-0.7

-4.6+1.1-5.7-0.1-4.6

-4.3+0.3-4.5-1.6-2.7

-4.5-0.2-4.3-2.6-1.9

15d

-0.9-2.2+1.3-3.3+2.4

-2.1-4.9+2.8-6.8+4.7

-2.2-7.5+5.3-8.2+6.1

-1.4-4.8+3.3-8.9+7.4

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 93Pending

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

AI summary

Revenue from operations for Q2 FY26 stood at Rs 3,344 lakhs, up ~7% YoY from Rs 3,115 lakhs, while H1 FY26 revenue rose ~17% YoY to Rs 6,007 lakhs versus Rs 5,112 lakhs. Net profit for Q2 was Rs 103 lakhs (vs Rs 126 lakhs YoY) and H1 PAT was Rs 124 lakhs (vs Rs 145 lakhs YoY), marking a ~15% YoY decline despite higher topline. Operating cash flow sharply turned negative at Rs (499) lakhs for H1 FY26 compared to a positive Rs 956 lakhs in H1 FY25, mainly due to a Rs 898 lakh build-up in inventories. The company allotted 6.69 lakh convertible warrants and ~9.63 lakh equity shares on a preferential basis on October 20, 2025 at Rs 129.33 per share. Auditor Sundarlal Desai & Kanodia issued an unmodified limited review report.

Likely market impact

Mixed signals for shareholders — topline growth is healthy but profitability slipped and operating cash flow turned sharply negative due to inventory piling up, which may pressure short-term liquidity. The preferential allotment brings in fresh capital but will dilute existing shareholders.