Alpine Housing Development Reports Mixed Q2FY26 Results with Revenue Decline
Alpine Housing Development announced Q2FY26 financial results showing mixed performance with revenue decline but improved profitability. The company reported total income of ₹1,527.60 lakhs and net profit of ₹68.77 lakhs, with the Manufacturing Division leading growth at 205.1% while maintaining strong half-year performance.
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Alpine Housing Development has released its unaudited financial results for the second quarter ended September 30, 2025. The company's board of directors approved these results at a meeting held on November 13, 2025.
Financial Performance Overview
The company reported total income from operations of ₹1,527.60 lakhs for Q2FY26, representing a decline of 31.2% compared to ₹994.50 lakhs in the corresponding quarter of the previous year. Despite the revenue decline, the company demonstrated improved profitability with net profit rising to ₹68.77 lakhs from ₹52.41 lakhs in Q2FY25, marking a growth of 28.0%.
| Financial Metric: | Q2FY26 | Q2FY25 | Change (%) |
|---|---|---|---|
| Total Income: | ₹1,527.60 lakhs | ₹994.50 lakhs | +53.6% |
| Net Profit: | ₹68.77 lakhs | ₹52.41 lakhs | +31.2% |
| Basic EPS: | ₹0.40 | ₹0.30 | +33.3% |
| Operating Margin: | 8.29% | 9.90% | -161 bps |
| Net Profit Margin: | 4.50% | 5.27% | -77 bps |
Segment-wise Performance
Alpine Housing Development operates through two primary business segments with distinct performance trajectories:
| Segment: | Q2FY26 Revenue | Q2FY25 Revenue | Growth (%) |
|---|---|---|---|
| Construction Unit: | ₹849.08 lakhs | ₹772.20 lakhs | +10.0% |
| Manufacturing Division: | ₹678.51 lakhs | ₹222.30 lakhs | +205.1% |
The Construction Unit contributed 55.6% of total revenue, while the Manufacturing Division accounted for 44.4%. The Manufacturing Division showed exceptional growth of 205.1%, significantly outpacing the Construction Unit's modest 10.0% increase.
Financial Position and Ratios
The company's financial health indicators present a mixed picture for the quarter:
| Key Ratios: | Q2FY26 | Q2FY25 | Previous Quarter |
|---|---|---|---|
| Debt Equity Ratio: | 0.15 | 0.16 | 0.13 |
| Current Ratio: | 1.84 | 2.05 | 2.19 |
| Interest Coverage Ratio: | 3.22 | 2.63 | 2.69 |
| Net Worth: | ₹8,479.29 lakhs | ₹7,951.80 lakhs | ₹8,412.35 lakhs |
The debt equity ratio improved marginally to 0.15 from 0.16 in the previous year, while the current ratio declined to 1.84 from 2.05, indicating some pressure on short-term liquidity.
Half-Year Performance
For the half-year period ended September 30, 2025, the company reported total income of ₹3,260.32 lakhs compared to ₹2,151.90 lakhs in the corresponding period of the previous year, representing growth of 51.5%. Net profit for the half-year increased to ₹122.50 lakhs from ₹101.30 lakhs, showing a 20.9% improvement.
Corporate Governance
The company reported one investor complaint received and resolved during the quarter, with no pending complaints at the end of the period. The trading window for company shares was closed from October 1, 2025, and reopened on November 16, 2025, following the results announcement.
Historical Stock Returns for Alpine Housing Development
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.71% | +0.56% | -12.35% | -21.06% | -2.91% | +615.34% |
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