Munjal Auto reports mixed Q2 FY26 results with Q2 PAT decline, H1 consolidated PAT up
Munjal Auto Industries announced mixed Q2 FY26 results with consolidated revenue growth but a significant Q2 profit decline. H1 consolidated profit saw modest growth, while standalone H1 profit declined.
The announcement of quarterly and half-yearly financial results, especially with a significant decline in Q2 profitability, is a key indicator of the company's performance and can substantially influence investor perception and stock valuation.
Despite an increase in consolidated and standalone revenue from operations for Q2 FY26, the profit after tax (PAT) for both standalone and consolidated results saw a significant year-on-year decline (over 30% for consolidated and over 50% for standalone). While H1 consolidated PAT showed modest growth, the substantial drop in Q2 profitability outweighs this, indicating margin pressures.
Munjal Auto Industries Limited's Board of Directors, at their 205th meeting on November 13, 2025, approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. * Consolidated Financial Highlights for Q2 FY26 (ended Sep 30, 2025): * Revenue from Operations increased to ₹58,408.65 lakhs from ₹52,248.74 lakhs in Q2 FY25. * Profit after tax (PAT) significantly declined to ₹1,348.15 lakhs from ₹2,030.85 lakhs in Q2 FY25. * Basic and Diluted Earnings Per Share (EPS) decreased to ₹1.35 from ₹2.03 in Q2 FY25. * Consolidated Financial Highlights for H1 FY26 (ended Sep 30, 2025): * Revenue from Operations increased to ₹1,07,510.17 lakhs from ₹1,03,240.73 lakhs in H1 FY25. * PAT increased to ₹3,279.64 lakhs from ₹3,077.79 lakhs in H1 FY25. * Basic and Diluted EPS increased to ₹3.28 from ₹3.08 in H1 FY25. * Standalone Financial Highlights for Q2 FY26 (ended Sep 30, 2025): * Revenue from Operations increased to ₹37,444.47 lakhs from ₹33,037.06 lakhs in Q2 FY25. * PAT significantly declined to ₹633.64 lakhs from ₹1,507.50 lakhs in Q2 FY25. * Basic and Diluted EPS decreased to ₹0.63 from ₹1.51 in Q2 FY25. * Standalone Financial Highlights for H1 FY26 (ended Sep 30, 2025): * Revenue from Operations increased to ₹67,120.23 lakhs from ₹64,853.74 lakhs in H1 FY25. * PAT significantly declined to ₹1,470.81 lakhs from ₹2,940.91 lakhs in H1 FY25. * Basic and Diluted EPS decreased to ₹1.47 from ₹2.94 in H1 FY25. The company elected to pay corporate income tax at 22% from FY26 under Section 115BAA of the Income Tax Act, 1961, which included a non-cash tax charge of ₹409.36 lakhs for the previous year.
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Munjal Auto Industries Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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