Shares of S H Kelkar and Company declined nearly 6% on Monday, November 10, following the company’s weak financial performance for the quarter ended September 2025 (Q2 FY26). The stock opened lower and traded at Rs 205 on NSE, down 5.47% from the previous close.
In Q2 FY26, the company reported a significant 76.92% year-on-year (YoY) decline in net profit to Rs 9.18 crore, compared to Rs 39.78 crore in the same period last year. Revenue from operations, however, increased 2.22% to Rs 551.63 crore, up from Rs 539.66 crore in the corresponding quarter of the previous year.
The operating profit margin contracted sharply to 9.5% from 14.85% a year earlier. Profit before tax also fell 82% YoY to Rs 11.42 crore, while profit before depreciation and tax stood at Rs 38.80 crore, a 56% drop from Rs 87.95 crore in the year-ago quarter.
The decline in profitability despite higher sales suggests pressure on margins during the September 2025 quarter.
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