Results - Announcements
Indag Rubber Ltd share price gained 1.01% to Rs 104.55 after the company's net profit tumbled by 39.29% to Rs 3.06 crore, while revenue from operations edged up 15.32% to Rs 80.83 crore in Q2FY27 over Q2FY26.
The market capitalization of Tyres & Rubber Products industry group stocks on BSE stood at Rs 1.66 lakh crore, easing 8.13%. It has edged up by 11.39% over last one week and softened by 5.14% in last one month while the market capitalization of Indag Rubber Ltd has improved by 0.19% and 7.78% in the same period respectively.
Profit before tax (PBT) of Indag Rubber Ltd stood at Rs 3.89 crore in Q2 FY27, gaining 5.42% year-on-year, and crashing by 42.20% quarter-on-quarter. EBITDA came in at Rs 1 crore, jumping 169.05% YoY and tumbling by 56.37% sequentially.
Total expenses advancing by 19.59% to Rs 78.98 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 56.29 crore, softening by 2.91% YoY, while employee benefits expense was at Rs 6.86 crore, registering a marginal contraction of 1.86% YoY.
For FY26, revenue from operations declined slightly by 6.09% to Rs 214.51 crore, while net profit jumped 70.76% to Rs 8.06 crore, compared to previous FY. EBITDA tanked by 1091% to Rs 1.59 crore, and PBT soared 86.74% to Rs 11.13 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 9.1 crore in FY26, as against Rs 3.28 crore in FY25.
Indag Rubber Ltd crashed 16.53% in last one year, underperforming the benchmark BSE Sensex which has eased by 2.74% during the same period.