Outcome of 3rd Board of Directors'' Meeting held on 14.11.2025
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The Board approved the unaudited financial results for Q2 FY26 and H1 FY26. Revenue from operations for H1 FY26 stood at Rs. 4,772.49 lakhs, up about 28% from Rs. 3,740.37 lakhs in H1 FY25. Q2 FY26 revenue rose sharply to Rs. 2,213.89 lakhs versus Rs. 1,545.38 lakhs in Q2 FY25, a jump of over 43%. However, H1 FY26 profit after tax declined to Rs. 9.77 lakhs from Rs. 13.00 lakhs a year ago, though Q2 FY26 PAT improved to Rs. 4.79 lakhs from Rs. 3.13 lakhs. Operating cash flow for H1 FY26 was positive at Rs. 225.54 lakhs, but cash and bank balances dropped sharply from Rs. 154.16 lakhs to Rs. 5.62 lakhs. The Board also approved a proposal to buy new machinery to expand production and exports, and the statutory auditor issued an unqualified limited review report.
Strong top-line growth signals improving demand, but the drop in cash balances and lower H1 PAT despite higher revenue point to margin pressure. The capacity expansion plan is a positive medium-term signal for shareholders, though near-term profitability remains thin with EPS of just Rs. 0.19 for the half year.