Q2 revenue rises, but profit and operating cash flow decline

EBITDA margin compressionNegative operating cash flowResults View source PDF Explain this filing

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

-13.3%Reaction day

₹44.99

prior close

₹43.99

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.5%-10.8% vs market

Packaging peers, median of 64sector-1.2%-12.1% vs sector

On the reaction day the stock moved 10.8 pts less than Nifty Microcap 250 and 12.1 pts less than its Packaging 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

-7.4

10m

-0.5

15m

-9.1

30m

-11.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-13.3-2.5-10.8-1.2-12.1

Next day

-8.9-1.1-7.8-1.2-7.7

-5.6-0.8-4.7-1.0-4.6

-4.6+1.3-6.0+1.6-6.3

-6.8+2.5-9.2+2.2-9.0

-7.0pendingpending+0.1-7.1

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15d

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UpDownMarket · Nifty Microcap 250Sector · Packaging peers, median of 64Pending

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

AI summary

Board approved unaudited Q2 and six-month results for September 2026. Q2 revenue rose 18.9% to Rs 4,668.18 lakh, but profit after tax fell 50.5% to Rs 44.85 lakh. Six-month revenue rose 35.2% to Rs 9,399.25 lakh, while profit after tax fell 13.4% to Rs 135.06 lakh. Operating cash flow was negative Rs 97.57 lakh.

Likely market impact

Revenue growth is positive, but weaker profit, negative operating cash flow and higher working capital needs may weigh on shareholder sentiment.

By the numbersStandalone · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹46.68 Cr	₹39.25 Cr	+18.9%
Operating profit	₹0.76 Cr	₹1.27 Cr	−40.3%
Profit after tax	₹0.45 Cr	₹0.91 Cr	−50.5%
EBITDA margin	5.6%	6.7%	−1.1 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.