Outcome of the Board Meeting inter alia to consider and approve unaudited financial statement (standalone) for the quarter and half year ended on 30th September 2025
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Advance Lifestyles Ltd's Board approved its unaudited standalone financial results for the quarter and half year ended September 30, 2025. The company reported a profit of ₹13.05 lakh for Q2 FY26, reversing a loss of ₹3.18 lakh in the same quarter last year, on revenue of ₹88.14 lakh (up ~28% YoY). However, the auditor (Piyush J. Shah & Co.) issued a Qualified Conclusion flagging that the company has an inter-corporate advance of around ₹41.2 crore given to another company whose net worth is fully eroded and which has no active business. The company has not booked any impairment on this advance, which the auditor says does not comply with Ind AS 109. Half-yearly revenue fell sharply from ₹2.65 crore to ₹1.76 crore YoY, even as net profit dropped from ₹99.11 lakh to ₹25.35 lakh.
Short-term, the return to quarterly profit is positive, but the qualified audit report and the unprovided ₹41.2 crore exposure to a defunct company raise serious concerns about the quality of reported earnings and the company's asset recovery prospects. Shareholders should treat the headline profit with caution until clarity emerges on the inter-corporate advance and any likely impairment.