Q2 revenue rises, but profit falls and cash flow remains negative

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

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-3.6%Reaction day

₹105.80

prior close

₹104.15

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%-5.0% vs market

Auto Components & Equipments peers, median of 122sector+1.6%-5.2% vs sector

On the reaction day the stock moved 5.0 pts less than Nifty Microcap 250 and 5.2 pts less than its Auto Components & Equipments 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

-2.1

10m

-2.1

15m

-2.1

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.6+1.4-5.0+1.6-5.2

Next day

-3.5+1.7-5.2+2.6-6.1

-2.6+3.9-6.6+4.0-6.6

-2.6+5.1-7.7+5.2-7.8

-4.1pendingpending+3.7-7.7

—————

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 122Pending

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

AI summary

Board approved unaudited results for Q2 and the half year ended 30 September 2026. Q2 operating revenue rose 9.7% year on year to Rs 78.39 crore, but profit after tax fell 47.8% to Rs 1.50 crore and EBITDA margin narrowed to 10.1% from 12.9%. H1 revenue rose 10.9% to Rs 150.25 crore, while profit after tax fell 27.2% to Rs 4.19 crore. Operating cash flow was negative Rs 3.44 crore. No qualification was noted in the limited review.

Likely market impact

Revenue growth did not translate into profit; lower margins and negative operating cash flow are concerns for shareholders.

By the numbersStandalone · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹78.39 Cr	₹71.44 Cr	+9.7%
Operating profit	₹1.97 Cr	₹2.61 Cr	−24.5%
Profit after tax	₹1.50 Cr	₹2.87 Cr	−47.8%
EBITDA margin	9.7%	12.0%	−2.3 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.