PLEASE FIND THE REVISED OUTCOME ALONG WITH LIMITED REVIEW REPORT FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2025
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Simplex Castings reported strong revenue and profit growth for Q2 FY26 and H1 FY26. Revenue from operations rose about 89% year-on-year in Q2 to Rs 55.41 crore (vs Rs 29.38 crore) and about 77% in H1 to Rs 100.61 crore (vs Rs 56.87 crore). Profit after tax grew roughly 53% YoY in Q2 to Rs 5.58 crore and nearly doubled in H1 to Rs 10.32 crore, lifting H1 EPS to Rs 13.72 from Rs 6.67. However, EBITDA margin shrank from about 23.2% to 19.1% as raw material costs spiked sharply. The company raised equity through two preferential issues in August 2025, fully utilizing the proceeds to repay loans, cutting long-term borrowings from Rs 31 crore to Rs 22.5 crore. Operating cash flow remained positive at Rs 2.10 crore but fell from Rs 5.51 crore a year ago, and cash on hand nearly dried up to Rs 5.36 lakh. The statutory auditor issued an unqualified limited review report.
Strong top-line and earnings growth signal healthy demand, but the sharp rise in raw material costs is pressuring margins. Successful equity-funded deleveraging improves the balance sheet, though the very thin cash balance and weaker operating cash flow warrant monitoring.