BSESprayking LtdHighNeutral
Announced Thu, 16 Oct · 21:32 IST

1. The Unaudited Standalone Financial Results set out in compliance with Indian Accounting Standards (IND-AS) for the quarter and half year ended September 30, 2025 together with Limited ....

Revenue DeclinePat Growth 25pctEbitda Margin CompressionResults View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Sprayking Ltd's board approved its Q2 and H1 FY26 unaudited results on October 16, 2025, with a clean (unmodified) review report from auditor B.B. Gusani & Associates. On a standalone basis, the picture is weak: Q2 revenue from operations plunged to Rs 497.69 lakh (vs Rs 1,594.34 lakh in Q2 FY25, a ~69% drop) and H1 revenue fell to Rs 1,411.85 lakh (vs Rs 3,603.54 lakh). Standalone H1 profit after tax also dropped sharply to Rs 40.52 lakh from Rs 194.05 lakh. On a consolidated basis (including subsidiary Narmadesh Brass Industries Ltd), Q2 revenue was Rs 1,966.13 lakh (vs Rs 2,824.22 lakh) but consolidated Q2 PAT surged to Rs 410.33 lakh (vs Rs 90.75 lakh), with the subsidiary contributing meaningfully. Operating cash flow turned strongly positive at Rs 504.63 lakh standalone and Rs 2,260.61 lakh consolidated, compared to outflows last year.

Likely market impact

Mixed signals for shareholders: the standalone brass components business has seen a steep revenue and profit contraction in H1 FY26, but consolidated profitability got a big lift from the newly consolidated subsidiary. Watch the standalone revenue trajectory and whether the subsidiary's contribution can sustain the consolidated earnings recovery.