September 2026 quarter: revenue up 95%, profit after tax up 62%
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.3 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Standalone and consolidated results for the quarter ended September 30, 2026 showed revenue of Rs 146.28 crore versus Rs 75.00 crore a year earlier and profit after tax of Rs 17.12 crore versus Rs 10.56 crore. Half year revenue was Rs 282.79 crore and profit after tax about Rs 34.7 crore. The limited review found no material misstatement. Independent Director Ashit Doshi resigned for personal reasons, leaving two board committees.
Strong growth supports sentiment, but EBITDA margin narrowed from about 24.5% to 17.9%. The director resignation may raise governance concerns.