Outcome of Board Meeting dated 31st October, 2025.
SICAGEN · price
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Sicagen India announced its Q2 and H1 FY26 (ended 30 September 2025) unaudited results along with a CFO change. Standalone revenue from operations fell to Rs 12,468 lakhs in Q2 FY26 from Rs 12,732 lakhs a year ago, while H1 revenue dropped to Rs 24,625 lakhs from Rs 27,987 lakhs. Standalone net profit slipped to Rs 216 lakhs in Q2 (vs Rs 343 lakhs) and Rs 583 lakhs in H1 (vs Rs 756 lakhs). On a consolidated basis, however, revenue grew to Rs 22,676 lakhs in Q2 (vs Rs 19,771 lakhs) and Rs 43,130 lakhs in H1 (vs Rs 42,997 lakhs), with consolidated net profit largely flat at Rs 414 lakhs for Q2 and Rs 868 lakhs for H1. The Board also accepted the retirement of Mr. M O Ayyappan as CFO effective 31 October 2025 and approved the appointment of Ms. K Lalitha (a qualified Cost Accountant with 20+ years of experience, formerly CFO at Manali Petrochemicals) as the new CFO from 5 November 2025.
Standalone performance has weakened year-on-year, but consolidated results show stable revenue and profits, indicating the subsidiaries (Wilson Cables, South India House) are doing better. The CFO transition appears smooth, with an experienced replacement, and is unlikely to disrupt operations.