Please find attached results for the quarter and half year ended on 30th September 2025
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Advance Lifestyles reported Q2 FY26 revenue of Rs 88.14 lakh, up 28.4% year-on-year from Rs 68.63 lakh, with the company swinging back to a profit after tax of Rs 13.05 lakh compared to a loss of Rs 3.18 lakh in the same quarter last year; EPS was Rs 0.21. However, for the half year (H1 FY26), revenue fell 33.6% YoY to Rs 1.76 crore from Rs 2.65 crore, and profit after tax dropped sharply to Rs 25.35 lakh from Rs 99.11 lakh, with EPS of Rs 0.41 vs Rs 1.59. The statutory auditor issued a qualified conclusion because the company has not booked any impairment loss on an inter-corporate advance of Rs 4.12 crore given to a borrower whose net worth is fully eroded and which has no ongoing business, in violation of Ind AS 109. Total assets stood at Rs 75.13 crore against equity of Rs 30.78 crore as on September 30, 2025.
The qualified audit opinion over the unrecognised impairment on a large doubtful advance is a red flag for asset quality, even though quarterly numbers turned positive. The steep fall in half-yearly revenue and profit suggests weak underlying momentum, which shareholders should weigh against the headline Q2 turnaround.