Q2 and H1 FY26: profit up 58%, operating cash flow negative
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On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 3.4 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 FY26 revenue Rs 7,471.69 lakh against Rs 6,759.01 lakh a year ago; profit Rs 2,839.97 lakh against Rs 2,451.60 lakh; basic EPS Rs 5.08. Half-year revenue rose 91% to Rs 14,230.70 lakh and profit 58% to Rs 5,291.57 lakh. Operating cash flow was negative Rs 58,403.48 lakh. Debt-equity 1.77 versus 1.38; gross and net NPA nil. Review found no qualification. CEO and CFO changes approved; NCD issue deferred.
Strong profit growth and nil NPAs are positive, but negative operating cash flow and rising debt-equity may cap gains.