The Board of Directors has considered and approved inter-alia Unaudited Standalone & Consolidated financial results for the quarter and half year ended September 30, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved unaudited results for Q2 FY26 and H1 FY26 (ended Sept 30, 2025). Standalone revenue from operations came in at Rs 1,487.92 lakhs for Q2 (vs Rs 1,519.82 lakhs in Q2 FY25) and Rs 3,421.05 lakhs for H1 (vs Rs 3,454.18 lakhs in H1 FY25), a mild YoY decline. Standalone profit after tax dropped sharply to Rs 64.43 lakhs (Q2) and Rs 144.69 lakhs (H1), versus Rs 1,392.04 lakhs and Rs 1,463.54 lakhs a year ago, mainly because the prior year had a large one-time 'other income' of about Rs 1,386 lakhs in Q2 FY25 that did not repeat. Consolidated PAT (which includes the share of associate Isgec Heavy Engineering) was Rs 2,042.18 lakhs for Q2 and Rs 4,473.69 lakhs for H1, down from Rs 4,234.30 lakhs and Rs 7,251.05 lakhs respectively. Operating cash flow improved to Rs 331.80 lakhs in H1 vs Rs 45.13 lakhs last year. Segment-wise, Oil & Lubricants grew ~10% and Electricals & Others grew ~20%, while Agriculture Products fell ~22% in H1.
The sharp drop in headline profits is largely a base-effect story (absence of last year's one-time other income) rather than weakening core operations, and operating cash flow actually strengthened. For shareholders, the clean (unmodified) auditor review and continued dividend payments are reassuring, but the visible slowdown in the Agriculture Products segment and lower share of associate profits are the points to watch in coming quarters.