Submission of Unaudited Financial Results of the Company for the Quarter/half year ended 30.09.2025
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Sainik Finance & Industries reported Q2 FY26 revenue of Rs 408.95 lakhs, up about 6% year-on-year (Rs 385.76 lakhs) and about 13% sequentially. However, profit after tax fell sharply to Rs 72.98 lakhs, down roughly 43% YoY (Rs 127.51 lakhs) and 23% QoQ. For H1 FY26, revenue rose modestly to Rs 770.94 lakhs while PAT declined to Rs 167.54 lakhs from Rs 210.28 lakhs. EPS for the quarter stood at Rs 0.67 vs Rs 1.17 a year ago. Impairment on financial instruments surged to Rs 55.85 lakhs in H1 FY26 against a small reversal last year, weighing on margins. Cash flow from operations was sharply negative at Rs (3,495.67) lakhs, funded mainly through borrowings of Rs 2,826.39 lakhs. Total borrowings of Rs 11,307.46 lakhs against equity of Rs 4,586.81 lakhs indicate a high leverage profile. The statutory auditor issued an unmodified limited review report.
Profitability is deteriorating even as the loan book grows, driven by higher impairment provisions and rising finance costs—unfavourable for shareholders in the near term. Negative operating cash flow and elevated debt-to-equity (~2.5x) warrant close watch, though the business remains technically profitable.