This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Revenue falls 23.7% in September 2026 quarter; operating EBITDA turns negative
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On the reaction day the stock moved 6.8 pts less than Nifty Microcap 250 and 6.2 pts less 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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On a standalone basis for the quarter ended September 30, 2026, revenue from operations fell 23.7% to Rs 363.17 lakh from Rs 475.77 lakh a year earlier, while profit after tax rose 1.6% to Rs 291.92 lakh from Rs 287.34 lakh. Operating EBITDA was negative Rs 97.34 lakh, with margin down from 23.0% to negative 26.8%. Standalone half-year operating cash flow was negative Rs 8 lakh. Other income rose to Rs 447.08 lakh. Review found no material issue.
Lower sales and negative operating margin weigh on sentiment; 1.6% profit growth offers little support. Negative operating cash flow adds concern.
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Revenue | ₹3.63 Cr | ₹4.76 Cr | −23.7% |
| Operating profit | −₹1.48 Cr | ₹0.58 Cr | −354.7% |
| Profit after tax | ₹2.92 Cr | ₹2.87 Cr | +1.6% |
| EBITDA margin | -26.8% | 23.0% | −49.8 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.