Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Samrat Forgings reported Q2 FY26 revenue from operations of Rs 5,179.87 lakhs, up about 2.6% from Rs 5,046.65 lakhs in Q2 FY25. Half-year revenue grew around 7% to Rs 10,236.98 lakhs versus Rs 9,562.03 lakhs last year. However, profit after tax fell sharply – Q2 PAT dropped to Rs 81 lakhs (vs Rs 147.26 lakhs) and H1 PAT fell to Rs 185.54 lakhs (vs Rs 320.94 lakhs), with EPS for Q2 at Rs 1.62 versus Rs 3.71 a year ago. Margins compressed, with Q2 PBT margin at roughly 2.3% versus 5.4% last year, driven by higher depreciation, finance costs and operating expenses. A small exceptional gain of Rs 6.17 lakhs was recorded in the half-year. The statutory auditor issued a clean limited review report with no qualifications.
Despite modest top-line growth, the sharp fall in profits and margin compression are negative signals for shareholders in the near term, suggesting rising costs are weighing on earnings. The clean auditor report and positive operating cash flow provide some comfort, but the weak profitability print may weigh on the stock.