Q2 results approved; Jagdish Agarwal set to become Group CFO
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On the reaction day the stock moved 13.3 pts less than Nifty Microcap 250 and 13.1 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved unaudited results for September 2025. Quarterly consolidated revenue was Rs 553.89 crore, but post-tax profit fell to Rs 9.17 crore from Rs 39.81 crore. First-half revenue was Rs 1,138.52 crore and post-tax profit was Rs 34.72 crore, against a Rs 45.99 crore loss. Operating cash flow: Rs 130.83 crore. A Rs 2.85 crore scrap-sale gain from the 2024 plant fire was exceptional. Jagdish Agarwal becomes Group CFO on December 2.
Quarterly profit and margins weakened, but half-year recovery and cash flow offer support. The CFO handover is orderly.