Dear Sir, We are enclosing herewith an outcome along with un- audited results.
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Aveer Foods (Suhana brand) reported Q2 FY26 revenue of Rs 38.08 crores, up about 44.6% from Rs 26.33 crores in Q2 FY25, driven by higher sales of processed foods and spices. Profit after tax for the quarter rose to Rs 1.89 crores from Rs 1.27 crores, a growth of roughly 48%. For the half year ended September 2025, revenue grew about 28% to Rs 72.09 crores but profit after tax was nearly flat at Rs 2.42 crores versus Rs 2.51 crores due to higher purchase and other expenses. The board also approved changing the company's registrar and transfer agent from Satellite Corporate Services to MUFG Intime India. The statutory auditor SBH & Co. issued an unmodified limited review report, though notes indicate a change of auditor from the predecessor who reviewed prior periods.
Strong quarterly revenue and profit growth are positives, but flat half-yearly profit, heavy capital expenditure of Rs 18.32 crores during H1, new borrowings of Rs 6.85 crores, and a sharp drop in cash balance from Rs 6.90 crores to Rs 0.46 crores raise concerns about cash burn even as the business expands.