Q1 FY27 results: consolidated swings to profit on 659 lakh slump sale gain
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Board approved unaudited standalone and consolidated results for quarter ended June 30, 2026. Standalone loss after tax widened to 63.58 lakhs versus 11.54 lakhs loss in Q1 FY26, with revenue from operations dipping to 118.31 lakhs from 122.77 lakhs. Consolidated revenue from operations was flat at about 1,124 lakhs. Consolidated results turned to a profit after tax of 485.13 lakhs (against 240 lakh loss a year ago), driven by an exceptional item of 659 lakhs from slump sale of a subsidiary's Mutual Fund Distribution Business to Wealth Company Private Limited. Without the exceptional gain, consolidated loss before tax was 162.10 lakhs. Auditor issued an unqualified review report with an Emphasis of Matter on the slump sale.
Standalone losses are deepening, but consolidated profits rely on a one-time gain, so underlying business remains weak.