IBInterarch Building Solutions544232Quarterly results

Q2 results approved; Chairperson role changes, Garg elevated to Managing Director & CEO

The Board on 04 Nov 2026 approved the unaudited standalone results for the quarter ended 30 September 2026: revenue from operations ₹ 50,538.33 lakh, profit for the period ₹ 3,069.35 lakh, basic EPS ₹ 18.27.

By ScoutQuest · Wed 4 Nov 2026, 4:56 PM IST · 2 min read

Revenue from operations

₹ 50,538.33 lakh for the quarter ended 30 September 2026

Profit for the period

₹ 3,069.35 lakh

Basic EPS

₹ 18.27

Financial results

• Revenue from operations for the quarter ended September 30, 2026 was 50,538.33 (₹ in lakhs), against 49,108.62 (₹ in lakhs) in the quarter ended September 30, 2025.
• Profit for the period was 3,069.35 (₹ in lakhs) and basic earnings per share was 18.27.
• For the half year ended September 30, 2026, revenue from operations was 96,502.95 (₹ in lakhs).
• The Board approved these standalone unaudited results, which were reviewed and recommended by the Audit Committee; the statutory auditors issued a Limited Review Report on them.

Board and leadership changes

• Ms. Sonali Bhagwati Dalal resigned from the position of Chairperson of the Board with effect from the close of business hours on 04th November, 2026. She continues to serve as a Non-Executive Independent Director and will discharge her duties in that capacity.
• Mr. Arvind Nanda moves from Managing Director to Whole-Time Director, designated as Executive Chairperson, with effect from 05th November, 2026, subject to the approval of shareholders and other approvals as may be necessary.
• Mr. Manish Kumar Garg moves from Executive Director & CEO to Managing Director & CEO, with effect from 05th November, 2026, along with a revision in his remuneration, subject to the approval of shareholders and other approvals as may be necessary.

Points shareholders may want to note

• The auditors' review report carries an Emphasis of Matter drawing attention to the income tax search and survey conducted from August 18, 2025 to August 22, 2025 covering certain offices, manufacturing locations and other premises, as well as the residences of certain employees and key managerial personnel. The auditors state that their conclusion is not modified in respect of this matter.
• A final dividend of ₹ 12.5 per share for FY 2025-26, aggregating to ₹ 2,099.99 lakhs, was paid during the quarter ended September 30, 2026.
• The Board had earlier approved raising of funds up to ₹ 25,000 lakhs through a Qualified Institutional Placement, which shareholders subsequently approved.

How to read this

• Two things are happening together: a fresh set of quarterly numbers, and a reordering of the top leadership. The Chairperson role moves to the person who was Managing Director, while the CEO is elevated to Managing Director. Both shifts are effective 05th November, 2026 and are subject to shareholder approval, so the shareholder vote is the next step to watch.
• The Chairperson's exit is from that position only; she remains on the Board as an independent director, so the change is in the role, not a departure from the Board.
• The Emphasis of Matter is a flag the auditors have placed on the accounts relating to a past income tax search and survey. Their review conclusion itself is unchanged.

Summary: the update combines the September quarter results with senior management re-designations and a change in who chairs the Board.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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