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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The Board approved unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025) along with the auditor's limited review report. On a standalone basis, Q2 revenue from operations grew sharply to Rs 877.72 lakhs from Rs 623.03 lakhs in Q2 FY25 (~41% YoY growth), while H1 revenue declined to Rs 997.87 lakhs from Rs 1,269.19 lakhs. Standalone net profit for Q2 was Rs 30.63 lakhs (vs Rs 28.38 lakhs) and H1 net profit rose to Rs 41.42 lakhs from Rs 32.24 lakhs (~28% YoY growth). The company completed a rights issue of Rs 579.84 lakhs on June 30, 2025, which boosted equity share capital from Rs 517.72 lakhs to Rs 1,097.57 lakhs. The company has a new subsidiary, VEM Plastic Moulding Private Limited (acquired during the period), whose results are now consolidated. On a consolidated basis, H1 FY26 revenue stood at Rs 2,307.09 lakhs with net profit of Rs 88.88 lakhs. The auditor issued an unmodified (clean) limited review opinion on both standalone and consolidated results.
Mixed signals for shareholders — strong Q2 standalone revenue growth and improved H1 profitability are positive, but H1 cumulative revenue declined and standalone operating cash flow turned deeply negative (Rs -2,555 lakhs), largely due to investment in the new subsidiary. The rights issue strengthens the balance sheet and supports the expanded consolidated operations.