Q2 profit turnaround to Rs 83 lakh but auditor flags qualified opinion

Qualified audit opinionExceptional itemNegative operating cash flowResults View source PDF Explain this filing

SUNDARAM · price

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Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹1.91

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-1.5% vs market

Stationary peers, median of 8sector+0.2%-1.7% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.7 pts less than its Stationary peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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AI summary

Sundaram Multi Pap Q2 FY26 revenue rose 8.5% YoY to Rs 26.03 crore; net profit turned positive at Rs 83 lakh versus a Rs 1.83 crore loss last year. H1 PAT was Rs 38.63 lakh versus a Rs 1.58 crore loss. However, H1 operating cash flow was negative at Rs 6.63 crore. Auditor Ashok Shyam and Associates gave a qualified opinion on unconfirmed trade receivables and inadequate provisioning, a recurring FY25 issue. Shareholders approved issuing 7.04 crore shares to acquire a 52.38% stake in Sundaram Land and Assets.

Likely market impact

Profit turnaround is positive, but auditor qualifications on old receivables and large share issuance for acquisition raise caution for shareholders.