Outcome of the Board Meeting held on 12th November, 2025
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The Board approved unaudited financial results for Q2 and H1 FY26 (ended 30 September 2025). Revenue from operations for H1 FY26 rose to ₹6,319.42 lakhs from ₹5,212.58 lakhs in H1 FY25, a growth of about 21%. However, profit after tax fell sharply to ₹71.28 lakhs from ₹107.88 lakhs, with H1 EPS at ₹1.18 versus ₹1.78 last year. EBITDA margins also compressed as finance costs jumped to ₹76.80 lakhs (from ₹29.50 lakhs). Operating cash flow turned negative at -₹279.72 lakhs due to large build-up in receivables and inventory. The Board also appointed Mr. Amish Ashar (B.Com, LLB, CS, 25+ years experience) as Company Secretary and Compliance Officer w.e.f. 12 November 2025.
Mixed picture for shareholders — top-line growth is healthy but profitability, margins, and cash generation have weakened, and total borrowings have risen to roughly ₹1,543 lakhs against equity of ₹968 lakhs, increasing leverage. Short-term sentiment may be cautious despite the strong revenue print.