Q2 FY26 results: Revenue up 16%, PAT jumps on depreciation revision
SANGAMIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.9 pts less than Nifty Microcap 250 and 8.2 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sangam India posted Q2 FY26 consolidated revenue of Rs 786.18 cr, up 16% YoY. H1 consolidated PAT grew 27% to Rs 25.26 cr. Standalone revenue rose 15% to Rs 775.92 cr with H1 standalone PAT at Rs 28.05 cr. The company revised useful life of plant and machinery from 9.19 to 15 years, boosting H1 consolidated PAT by Rs 19.01 cr via lower depreciation. Board approved sweat equity shares to promoter group. Auditors issued unqualified review with an emphasis of matter on the depreciation revision.
Revenue and profit growth partly aided by depreciation revision. Watch sustainability once the one-time benefit fades. Sweat equity to promoters may dilute shareholders.