The Board of Directors had approved the unaudited financial results for the quarter ended September 30 2025
Awaiting price reaction for this filing.
Binny Limited's Board approved the unaudited financial results for the quarter and half-year ended September 30, 2025. Revenue from operations fell sharply to Rs. 1,442.55 lakhs in Q2 FY26 from Rs. 2,784.09 lakhs in Q2 FY25 (around 48% drop), and H1 revenue declined to Rs. 2,383.70 lakhs from Rs. 2,784.09 lakhs. Despite weaker top-line, profit after tax jumped to Rs. 997.84 lakhs in Q2 (vs Rs. 669.40 lakhs earlier), pushing H1 PAT to Rs. 1,369.06 lakhs and H1 EPS to Rs. 6.13. However, auditor Venkatesh & Co. issued a qualified conclusion on two counts: lack of sufficient evidence on recoverability of Rs. 2,918.05 lakhs advanced to RRB Energy Limited (NCLT insolvency case filed), and revenue not being recognised as per Ind AS 115 on the Sanklecha Infra Projects sale where Rs. 1,912 lakhs is receivable. Net operating cash flow for H1 FY26 was slightly negative at Rs. (20.31) lakhs.
Mixed picture for shareholders—bottom-line growth is positive, but a sharp revenue decline and a qualified auditor view on two large outstanding receivables flag concerns about asset quality. Watch for updates on the RRB Energy and Sanklecha recoveries and any further auditor observations.