Q2 FY26 results: revenue up 22%, PAT up 53%, auditor qualified review

Qualified audit opinionRevenue growth above 20%Profit growth above 25%Results View source PDF Explain this filing

SHREERAMA · price

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Price reactionminutes from the announcement price · days from the prior close

+4.2%Reaction day

₹51.79

prior close

₹52.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+4.3% vs market

Packaging peers, median of 63sector-0.1%+4.3% vs sector

On the reaction day the stock moved 4.3 pts more than Nifty Microcap 250 and 4.3 pts more than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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Reaction day

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Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Packaging peers, median of 63Pending

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AI summary

The company reported Q2 FY26 revenue from operations of Rs 6,202.12 lakhs, up about 17.5% YoY. H1 FY26 revenue grew around 22.5% to Rs 11,737.08 lakhs. PAT for H1 surged to Rs 1,452.05 lakhs against Rs 948.59 lakhs in H1 FY25, while Q2 PAT stood at Rs 717.33 lakhs. The statutory auditor issued a qualified conclusion because the company could not consolidate its wholly owned subsidiary Shree Rama (Mauritius) Limited, which is defunct under Mauritius law and pending FEMA write-off approval. Mr Krunal Shah was also appointed as new CFO effective November 13, 2025.

Likely market impact

Strong revenue and profit growth is positive, but auditor's qualified conclusion over subsidiary non-consolidation remains a concern. New CFO appointed.