Aanjaay Industries revenue rises 62%, profit up 5% in Q2

Aanjaay Industries Limited reported revenue from operations of Rs 31.95 crore for the quarter ended September 30, 2026, a 62% increase from a year earlier, while net profit after tax rose 5% to Rs 1.92 crore despite a Rs 9.61 lakh bad-debt write-off. The results were approved on November 6, 2026.

How did Aanjaay Industries perform in the September 2026 quarter?

Aanjaay Industries increased revenue and net profit from the September 2025 quarter, but both measures declined from the June 2026 quarter. Revenue from operations rose from Rs 19.76 crore in the quarter ended September 30, 2025 to Rs 31.95 crore in the latest quarter, while net profit increased from Rs 1.84 crore to Rs 1.92 crore.

The sequential comparison moved in the other direction. Revenue was Rs 46.22 crore in the quarter ended June 30, 2026, compared with Rs 31.95 crore in the September quarter, and net profit was Rs 2.12 crore against Rs 1.92 crore. Basic and diluted earnings per share were Rs 0.81 for September 2026, compared with Rs 0.90 in June 2026 and Rs 0.77 a year earlier; the company said quarterly earnings per share were not annualised.

Aanjaay Industries’ total income was Rs 31.96 crore in the September quarter, including Rs 17,000 of other income. This was lower than Rs 46.29 crore in June, which included Rs 7.65 lakh of other income, and higher than Rs 19.94 crore a year earlier, when other income was Rs 17.87 lakh. The reported changes in total income were therefore primarily driven by revenue from operations.

What affected Aanjaay Industries’ September-quarter profit?

Aanjaay Industries reported profit from operations before exceptional items and tax of Rs 2.66 crore for the September quarter, compared with Rs 2.21 crore in the prior-year quarter and Rs 2.84 crore in the June quarter. A Rs 9.61 lakh exceptional item for bad debts written off reduced September-quarter profit before tax to Rs 2.57 crore.

Total expenses were Rs 29.29 crore, up from Rs 17.74 crore in the September 2025 quarter but below Rs 43.45 crore in the preceding quarter. Purchases of stock-in-trade were Rs 33.53 crore, compared with Rs 33.05 crore a year earlier and Rs 49.03 crore in June. Changes in inventories reduced expenses by Rs 4.82 crore, compared with reductions of Rs 16.52 crore and Rs 6.03 crore, respectively.

Employee benefit expense was Rs 24.78 lakh, lower than Rs 35.70 lakh a year earlier and above Rs 23.72 lakh in June. Other expenses were Rs 31.32 lakh, compared with Rs 84.46 lakh in the September 2025 quarter and Rs 18.81 lakh in June. Finance costs were Rs 37,000, while depreciation and amortisation expense was Rs 2.18 lakh.

Aanjaay Industries recorded total tax expense of Rs 64.65 lakh in the September quarter, versus Rs 36.83 lakh a year earlier and Rs 71.71 lakh in June. Current tax accounted for Rs 64.52 lakh and deferred tax liability for Rs 13,000. The company reported no other comprehensive income, leaving total comprehensive income equal to the Rs 1.92 crore net profit.

What do Aanjaay Industries’ half-year results show?

Aanjaay Industries reported revenue from operations of Rs 78.17 crore for the six months ended September 30, 2026, compared with Rs 26.91 crore in the corresponding prior-year period. Net profit after tax increased to Rs 4.04 crore from Rs 1.34 crore, while basic and diluted earnings per share rose to Rs 1.71 from Rs 0.56.

The six-month revenue total comprises Rs 46.22 crore reported in the June 2026 quarter and Rs 31.95 crore in the September quarter. Total expenses rose to Rs 72.74 crore from Rs 25.40 crore in the corresponding six months of 2025, while profit from operations before exceptional items and tax increased to Rs 5.50 crore from Rs 1.71 crore.

The Rs 9.61 lakh bad-debt write-off reduced half-year profit before tax to Rs 5.41 crore. Tax expense was Rs 1.36 crore, compared with Rs 36.83 lakh in the prior-year half year. Purchases of stock-in-trade rose to Rs 82.56 crore from Rs 39.80 crore, while inventory changes reduced expenses by Rs 10.85 crore, compared with a Rs 16.52 crore reduction a year earlier.

Aanjaay Industries disclosed one business segment and therefore provided no segment-wise revenue or profit split. The company also said it had no subsidiary, associate or joint venture for the reported periods. The unaudited results were prepared under Indian Accounting Standard 34, the interim financial reporting standard.

What changed in Aanjaay Industries’ cash flow and balance sheet?

Aanjaay Industries reported net cash used in operating activities of Rs 8.59 crore for the six months ended September 30, 2026, compared with Rs 9.46 crore used in the year ended March 31, 2026. The cash-flow statement showed profit before tax of Rs 5.41 crore, alongside a Rs 10.85 crore increase in inventory and a Rs 6.11 crore increase in other current assets.

Trade receivables declined by Rs 58.49 crore in the six-month cash-flow statement, while trade payables declined by Rs 54.88 crore. Cash and cash equivalents closed at Rs 1.73 crore on September 30, 2026, down from Rs 10.58 crore on March 31, 2026. Net financing cash outflow was Rs 27.19 lakh, including Rs 24.85 lakh of short-term borrowing repayment and Rs 2.32 lakh of lease-liability payments.

Aanjaay Industries reported total assets of Rs 35.93 crore at September 30, 2026, compared with Rs 86.32 crore at March 31, 2026. Trade receivables fell to Rs 12.28 crore from Rs 70.78 crore, while inventories were Rs 10.85 crore against nil at the March reporting date. Other current assets increased to Rs 8.64 crore from Rs 2.53 crore.

Total equity was Rs 33.66 crore at September 30, including Rs 23.71 crore of equity share capital and Rs 9.95 crore of other equity. Current liabilities declined to Rs 2.17 crore from Rs 56.58 crore, with current borrowings falling to Rs 18.06 lakh from Rs 42.91 lakh. Current tax liabilities increased to Rs 1.78 crore from Rs 50.75 lakh.

How were Aanjaay Industries’ results reviewed and approved?

Aanjaay Industries’ board approved the unaudited standalone results for the quarter and half year ended September 30, 2026 on November 6, 2026. The board meeting began at 5:00 p.m. Indian Standard Time and concluded at 7:00 p.m., according to the filing.

The statutory auditors performed a limited review of the interim financial results under the applicable review standard. Their report states that a review consists primarily of inquiries and analytical procedures, provides less assurance than an audit and does not express an audit opinion. The filing also states that previous-period figures were regrouped or reclassified where necessary.

Conclusion

Aanjaay Industries delivered year-on-year growth in the September 2026 quarter, with revenue rising 62% to Rs 31.95 crore and net profit increasing 5% to Rs 1.92 crore. The quarter was lower than June 2026 on both measures, while the Rs 9.61 lakh bad-debt write-off reduced reported September-quarter and half-year profit before tax.

The next reported figures will show how working-capital movements develop after inventory reached Rs 10.85 crore, trade receivables fell to Rs 12.28 crore and cash and cash equivalents declined to Rs 1.73 crore at September 30, 2026. Aanjaay Industries disclosed no management target or operating plan in the filing and reports its activity as a single segment.