Outcome of Board Meeting held on Monday, November 10, 2025

EBITDA margin compressionNegative operating cash flowResults View source PDF Explain this filing

Price

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

-4.9%Reaction day

₹204.00

prior close

₹201.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-4.6% vs market

Industrial Products peers, median of 115sector-0.5%-4.4% vs sector

On the reaction day the stock moved 4.6 pts less than Nifty Microcap 250 and 4.4 pts less than its Industrial Products 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

-1.7

10m

-2.7

15m

-3.7

30m

-6.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.9-0.3-4.6-0.5-4.4

Next day

+4.7+0.7+4.0-0.3+5.0

+13.9+0.6+13.4-0.9+14.8

+9.3+0.5+8.8-0.8+10.1

+10.3+1.1+9.2-1.4+11.7

+10.0+0.3+9.7-1.6+11.6

+31.1-0.2+31.4-2.7+33.9

15d

+18.6-2.2+20.9-4.9+23.5

+10.3-4.9+15.2-7.9+18.1

-4.4-7.5+3.0-12.8+8.4

-10.7-4.8-5.9-11.1+0.4

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 115Pending

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

AI summary

True Colors Limited's board approved unaudited financial results for the half-year ended September 30, 2025, along with the CRISIL Monitoring Agency Report on IPO proceeds utilization. Revenue from operations rose modestly to ₹15,111.36 lakhs from ₹14,077.34 lakhs in H1 FY25, a growth of about 7.3%. However, profit after tax declined sharply to ₹1,471.63 lakhs from ₹2,166.83 lakhs (down ~32%), pulling down basic EPS to ₹7.76 from ₹12.06. EBITDA margins compressed meaningfully as expenses grew faster than revenue. The balance sheet strengthened significantly post-IPO, with cash and equivalents jumping to ₹12,458.62 lakhs from ₹725.77 lakhs and reserves rising to ₹17,251.13 lakhs. Cash flow from operations appears negative due to a sharp ₹3,425 lakh build-up in trade receivables, though IPO proceeds fully covered the gap. Statutory auditor Lakhankiya & Dosi LLP issued an unqualified (clean) limited review report.

Likely market impact

Mixed near-term picture for shareholders: top-line growth is healthy but profitability and operating cash conversion are weakening, with receivables ballooning sharply. The strong cash balance from the IPO provides cushion and funds working capital needs, but sustained margin compression and negative operating cash flow warrant close monitoring in coming quarters.