Patels Airtemp Reports 66.12 Lakh Net Profit for Q2 FY26, Revenue Declines

Patels Airtemp (India) Limited , a player in the engineering sector, has announced its unaudited financial results for the second quarter ended September 30, 2025. The company's performance shows a mixed picture with a significant decline in revenue but maintained profitability.

Financial Highlights

Particulars (in Lakhs)	Q2 FY26	Q2 FY25	% Change	H1 FY26	H1 FY25	% Change
Revenue from Operations	2,204.08	8,187.02	-73.08%	10,460.75	19,536.63	-46.45%
Net Profit	66.12	314.68	-78.99%	346.31	820.78	-57.81%
EPS (Basic & Diluted)	1.21	5.75	-78.96%	5.33	15.00	-64.47%

Patels Airtemp reported a total revenue from operations of Rs. 2,204.08 lakh for Q2 FY26, marking a substantial decrease of 73.08% compared to Rs. 8,187.02 lakh in the same quarter of the previous fiscal year. The net profit for the quarter stood at Rs. 66.12 lakh, down by 78.99% from Rs. 314.68 lakh in Q2 FY25.

For the half-year ended September 30, 2025, the company's revenue from operations reached Rs. 10,460.75 lakh, showing a decline of 46.45% from the corresponding period last year. The net profit for H1 FY26 was Rs. 346.31 lakh, representing a decrease of 57.81% compared to H1 FY25.

Other Financial Metrics

Other Income: The company reported other income of Rs. 138.77 lakh for Q2 FY26, significantly higher than Rs. 32.12 lakh in Q2 FY25.
Expenses: Total expenses for Q2 FY26 were Rs. 2,172.84 lakh, down from Rs. 7,795.75 lakh in the same quarter last year, aligning with the reduced revenue.
EPS: The Earnings Per Share (EPS) for Q2 FY26 stood at Rs. 1.21, compared to Rs. 5.75 in Q2 FY25.

Balance Sheet Overview

As of September 30, 2025, Patels Airtemp's total assets stood at Rs. 30,009.13 lakh, slightly lower than Rs. 30,831.54 lakh reported on March 31, 2025. The company's equity share capital remained unchanged at Rs. 547.02 lakh.

Cash Flow and Liquidity

The company's cash and cash equivalents increased to Rs. 3,583.88 lakh as of September 30, 2025, up from Rs. 2,747.40 lakh at the end of the previous fiscal year, indicating improved liquidity despite the challenging revenue environment.

The Board of Directors approved these results at their meeting held on November 8, 2025. The company continues to operate in the engineering segment, focusing on its core competencies amidst a challenging market environment.

Investors and stakeholders should note that these are unaudited results and subject to limited review by the company's statutory auditors. The financial statements have been prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.

Note: All figures are in Indian Rupees (INR) unless otherwise stated.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.58%	+10.20%	-20.53%	-48.16%	-63.18%	+73.51%

Patels Airtemp (India) Limited has announced a dividend of ₹3 per equity share for the financial year ended March 31, 2025, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The company has provided detailed information on the dividend payout and tax deduction procedures.

Dividend Details

Dividend Amount: ₹3 per equity share (30% of face value)
Record Date: September 19, 2025
AGM Date: September 27, 2025
Payment Timeline: Within 30 days of the AGM

Tax Deduction at Source (TDS) Rules

Patels Airtemp has outlined the TDS rules for various categories of shareholders:

For Resident Shareholders:

Category	TDS Rate
Shareholders with valid PAN	10%
Shareholders without/Invalid PAN	20%
Specified persons under section 206AB	20%

No tax will be deducted if the total dividend doesn't exceed ₹10,000 in the financial year 2025-26.
Shareholders can submit Form 15G/15H to claim exemption, subject to conditions.

For Non-Resident Shareholders:

Standard TDS rate: 20% plus applicable surcharge and cess
Option to avail benefits under Double Tax Avoidance Treaty (DTAA), subject to providing necessary documentation

Important Dates and Documentation

Submission Deadline: September 19, 2025, 5:00 PM (IST)
Required documents for tax exemption or lower deduction must be submitted to the company's Registrar and Transfer Agent.

Additional Information

The company emphasizes the importance of linking Aadhaar with PAN to avoid higher tax deduction rates.
Shareholders are urged to update their KYC details, including bank account information, to ensure smooth dividend payments.

Patels Airtemp has demonstrated its commitment to shareholder value through this dividend announcement while ensuring compliance with tax regulations. Shareholders are advised to take note of the submission deadlines and provide necessary documentation to avail of any applicable tax benefits.