Rudra Ecovation Q2 FY26: revenue falls, net loss widens
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 1.2 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Rudra Ecovation (formerly Himachal Fibres) reported Q2 FY26 revenue of about Rs 558 lakhs vs Rs 917 lakhs a year ago, a sharp decline. Net loss for the quarter was Rs 116 lakhs versus Rs 85 lakhs in Q2 FY25. H1 FY26 loss reached Rs 213 lakhs, compared to Rs 169 lakhs in H1 FY25. Full FY26 loss was Rs 407 lakhs. Auditor flagged two emphasis matters: NCLT-approved merger with Shiva Texfabs on Sept 16, 2026, and extension of 7.8 lakh preference share redemption to Aug 31, 2027.
Persistent losses and steep revenue fall are negative. Merger adds uncertainty; preference share extension gives one-year breathing room. Watch post-merger performance.