Revenue rises 35% in six months, but profit and cash flow fall

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

₹43.77

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

-8.6

10m

-9.5

15m

-11.4

30m

-11.4

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

Unaudited results for the quarter ended 30 September 2026 showed revenue of Rs 46.68 crore, up 18.9% year on year, but profit after tax fell 50.5% to Rs 0.45 crore. For six months, revenue rose 35.2% to Rs 93.99 crore and profit after tax fell 13.4% to Rs 1.35 crore. Operating cash flow was negative Rs 0.98 crore, versus positive Rs 3.57 crore a year earlier, and margins narrowed. The auditor raised no material concerns.

Likely market impact

Higher sales did not translate into profit or cash, and borrowings rose, so the near-term stock outlook may remain cautious.

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.