Standalone Q2 profit after tax jumps 243% as margins strengthen

Revenue Growth 20pctPat Growth 25pctEbitda Margin ExpansionResults View source PDF Explain this filing

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

+1.1%Reaction day

₹205.30

prior close

₹211.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.4%+1.5% vs market

Iron & Steel peers, median of 9sector+0.5%+0.6% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 0.6 pts more than its Iron & Steel 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

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+1.1-0.4+1.5+0.5+0.6

Next day

+0.6-0.6+1.3+0.8-0.2

+8.7+0.3+8.4-1.0+9.7

+6.5+0.2+6.3+0.5+6.0

+8.5+0.1+8.4-0.4+8.9

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15d

+2.9-2.0+4.9-4.0+6.9

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+12.8-7.8+20.6-3.0+15.8

+3.2-4.6+7.8+6.0-2.8

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel peers, median of 9Pending

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

AI summary

Q2 standalone revenue rose 68% year on year to Rs 436.36 crore; profit after tax rose 243% to Rs 110.21 crore. Its margin before interest, tax, depreciation and amortisation widened from 24% to 44.5%. Standalone H1 profit rose 34% to Rs 238.96 crore on flat revenue. Consolidated Q2 profit was Rs 138.87 crore; comparison is not meaningful due to the Arjas Steel deal. Manganese and iron ore limits were approved at 0.049 and 0.089 million tonnes.

Likely market impact

Stronger earnings and higher production limits are positive, but the steel deal makes comparisons unreliable and finance costs rose sharply.