Q1 FY27 revenue triples on new bullion trading; profit jumps 15-fold, auditor flags issues
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Advance Lifestyles posted Q1 FY27 revenue from operations of Rs.15.21 crore, up from Rs.4.89 crore in Q1 FY26, driven by a newly commenced bullion and precious metals trading segment. Net profit rose to Rs.1.94 crore versus Rs.0.12 crore. EPS climbed to Rs.3.12 from Rs.0.20. Total revenue stood at Rs.17.90 crore including a Rs.2.69 crore fair value gain on loans. Auditor issued a qualified review report flagging an unsecured interest-free loan of Rs.38.12 crore from a related party, unconfirmed liabilities of Rs.7.59 crore to parties under insolvency proceedings, and non-charging of interest on loans advanced.
Strong headline growth from new business, but auditor qualifications on related party loans and unconfirmed liabilities raise governance concerns