Q2 FY26 Results: Consolidated revenue up 21 percent, PAT up 19 percent YoY
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Consolidated revenue from operations grew 21.4 percent YoY to Rs 2,082.22 cr in Q2 FY26, with H1 FY26 revenue at Rs 4,236.67 cr, up 24.6 percent YoY. Net profit for Q2 was Rs 361.45 cr, up 19 percent YoY, and H1 PAT rose to Rs 714.07 cr. Operating margin dipped marginally to 23.59 percent versus 23.68 percent in Q2 FY25. Previous period figures were restated to reflect final purchase price allocation for the Problast Group acquisition. Board also approved postal ballot to appoint two non-executive directors.
Strong topline growth with steady profitability. Margin compression is marginal. New director appointments are routine governance.