Please find attached Unaudited Financial Results for QE Sept 30, 2025
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Adcon Capital Services reported a sharp decline in Q2FY26 earnings, with total income falling to Rs. 82.18 lakhs from Rs. 142.18 lakhs a year earlier, a drop of roughly 42%. Profit before tax fell to Rs. 37.55 lakhs from Rs. 136.15 lakhs, and profit after tax (PAT) dropped to Rs. 28.09 lakhs from Rs. 114.78 lakhs. For the half-year (H1FY26), PAT was Rs. 76.48 lakhs versus Rs. 131.92 lakhs in H1FY25, down about 42%. The auditor flagged that interest income has not been recognized on loans and advances of around Rs. 5.95 crore given to various parties as the interest rate could not be determined from available documents, and certain balances remain subject to confirmation and reconciliation.
Shareholders should note the steep year-on-year drop in profits and the auditor's flag on Rs. 5.95 crore of unverified loans where interest income is being left unrecorded, which could mean reported earnings may be understated or that asset quality concerns exist.