Pursuant to the Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 and letter dated 8thNovember 2025, with respect ....
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The board approved H1 FY26 results showing standalone revenue of ₹47.05 Cr, up 7.9% YoY, but consolidated revenue fell about 4.5% to ₹47.21 Cr from ₹49.43 Cr. The company swung to a standalone loss of ₹1.55 Cr (vs profit of ₹1.24 Cr) and a consolidated loss of ₹1.50 Cr (vs profit of ₹1.53 Cr). EBITDA collapsed to ₹32.5 lakh (margin 0.7%) from ₹4.04 Cr (margin 9.3%) due to delayed project execution, higher machinery rentals, transportation costs and outsourced execution. Management attributes the weakness to timing issues and expects a strong H2 rebound, targeting ~₹120 Cr revenue and 7-9% EBITDA margin for FY26. A new statutory auditor, MSSV & Co., has replaced the previous year-end auditor.
Shareholders should note the swing to a loss and severe EBITDA margin compression, although management frames this as temporary. The auditor change and weak half-year print may weigh on sentiment, but the FY26 guidance and expected H2 recovery are the key catalysts to watch.