Announcement
Awaiting price reaction for this filing.
Silverline Technologies' board approved unaudited standalone results for Q2 and H1 FY26 (ended 30 Sep 2025). Revenue jumped sharply to Rs. 20,016.06 lakhs for the half-year (vs Rs. 145.37 lakhs in H1 FY25), and net profit surged to Rs. 1,840.63 lakhs (vs Rs. 5.30 lakhs). Q2 standalone revenue was Rs. 10,007.38 lakhs with a net profit of Rs. 725.81 lakhs (EPS Rs. 4.65). Trade receivables ballooned to Rs. 10,888.35 lakhs from Rs. 3,842.11 lakhs at March 2025. However, auditor S. Parth & Co issued a Limited Review Report with a Disclaimer of Opinion, flagging 5 key qualifications: missing supporting documents for sales/purchase/inventory, no fixed assets register, unsecured loans without agreements or interest, missing MSME creditor classification, and unconfirmed trade receivables. Management stated corrective action is underway.
Despite the massive headline profit growth, the auditor's disclaimer of opinion, lack of a fixed asset register, unconfirmed receivables, and negative operating cash flow of Rs. (2,170.76) lakhs raise serious concerns about the quality and reliability of earnings. Shareholders should treat the sharp revenue and profit jump with caution until confirmations and documentation gaps are resolved.