Outcome of Board Meeting.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sharda Ispat's Board approved unaudited results for Q2 and H1 FY26 (ended 30 Sep 2025). Revenue from operations fell sharply to Rs 5,401 lakhs in H1 FY26 from Rs 8,021 lakhs in H1 FY25, a decline of about 33% year-on-year. Q2 standalone revenue dropped to Rs 2,619 lakhs from Rs 3,245 lakhs YoY. Profit after tax collapsed to Rs 41.3 lakhs in H1 FY26 from Rs 345.5 lakhs in H1 FY25, an ~88% fall. EPS fell to Rs 0.81 vs Rs 6.81. Finance costs nearly doubled to Rs 132.5 lakhs (from Rs 66.6 lakhs), squeezing margins further. The statutory auditors issued an unqualified (clean) limited review report with no qualifications or emphasis of matter. Operating cash flow remained positive at Rs 340 lakhs, though well below the prior full-year level.
Sharply weaker top-line and a steep drop in profitability signal significant demand or pricing pressure in the iron and steel business, with rising interest costs adding to the strain. Negative for near-term stock sentiment, though the clean auditor report and still-positive cash generation limit deeper concerns.