Results- Financial Results for 30.09.2025

Shangar Decor Limited reported its Q2 and H1 FY26 results, with H1 revenue from operations falling modestly to Rs 511.07 lakhs from Rs 528.91 lakhs in H1 FY25, a decline of about 3.4%. However, profitability was hit much harder: net profit for H1 FY26 came in at Rs 28.67 lakhs versus Rs 87.56 lakhs in the same period last year, a drop of roughly 67%, while profit before tax fell about 41% to Rs 69.52 lakhs. The sharp profit compression came despite operating cash flow turning sharply positive at Rs 956.57 lakhs (vs negative Rs 121.25 lakhs last year), suggesting that higher depreciation (Rs 121.09 lakhs vs Rs 73.77 lakhs) and tax outflows weighed on the bottom line. The statutory auditor, S K Bhavsar & Co., issued an unmodified limited review report but flagged an Emphasis of Matter noting that trade receivables, trade payables, loans and advances are pending external confirmation and reconciliation, and that reliable documentation for investments was not made available. The board also approved the appointment of M/s. Kishan Patel and Associates as the new Internal Auditor for FY26 through FY30.