Imperial Blue lifts revenue, but profit falls and review is qualified

Qualified audit opinionEmphasis of matterRevenue growth above 20%Exceptional itemNegative operating cash flowResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-1.6%Reaction day

₹478.75

prior close

₹465.00

announcement price

After-mkt

timing

Nifty Microcap 250market+1.4%-3.1% vs market

Breweries & Distilleries peers, median of 25sector+0.3%-1.9% vs sector

On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 1.9 pts less than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-3.8

10m

-1.9

15m

-2.8

30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6+1.4-3.1+0.3-1.9

Next day

-3.0+1.7-4.7+1.1-4.2

-1.0+3.9-5.0+4.2-5.2

+1.4+5.1-3.7+4.6-3.3

+1.2pendingpending+3.2-1.9

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15d

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UpDownMarket · Nifty Microcap 250Sector · Breweries & Distilleries peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Consolidated Q2 revenue rose to Rs 2,437.56 crore from Rs 896.92 crore after the Imperial Blue deal, but profit fell to Rs 22.27 crore from Rs 52.68 crore. H1 revenue was Rs 4,689.98 crore and profit Rs 53.86 crore, versus Rs 1,745.57 crore and Rs 141.19 crore. The review was qualified over an ENA plant impairment check. Exceptional integration costs were Rs 41.07 crore, while operating cash flow was negative Rs 4.06 crore.

Likely market impact

Revenue growth is acquisition-led, but lower profit, integration costs, weak cash flow and the qualified review may weigh on the stock.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹4,690 Cr	₹915.6 Cr	+412.2%
Operating profit	₹89.54 Cr	₹50.76 Cr	+76.4%
Profit after tax	₹53.86 Cr	₹52.68 Cr	+2.2%
EBITDA margin	5.9%	6.6%	−0.7 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.