Un-audited financial results for the quarter and half year ended 30th September 2025
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Sharat Industries, a single-segment aquaculture company focused on Vannamei (white shrimp) farming, reported strong growth for Q2 FY26. Revenue from operations rose to Rs. 14,973.01 lakhs (vs Rs. 10,034.31 lakhs in Q2 FY25), up about 49%, while H1 revenue grew to Rs. 26,492.78 lakhs (vs Rs. 19,019.09 lakhs), up about 39%. Profit after tax for Q2 jumped to Rs. 574.03 lakhs (vs Rs. 372.71 lakhs, up ~54%), and H1 PAT rose to Rs. 1,111.03 lakhs (vs Rs. 678.29 lakhs, up ~64%). Despite strong profits, the company continued to report negative operating cash flow of Rs. 1,498.20 lakhs in H1, though improved from Rs. 1,844.88 lakhs a year ago, mainly due to higher inventory and trade receivables. Auditor A.R. Krishnan & Associates issued an unqualified limited review report.
Strong revenue and earnings growth is positive for shareholders, but persistent negative operating cash flow and rising working capital needs may pressure short-term liquidity. The EPS slightly dipped versus last year despite higher profit, mainly because the equity base expanded via a rights issue during the year.