Please find the enclosed Outcome of Meeting of Board of Directors of the company held today at the registered office of the company to consider and approve the Un-Audited Financial Results ....
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Awaiting price reaction for this filing.
The Board of Directors approved unaudited financial results for Q2 and H1 FY26 on November 13, 2025. Q2 standalone revenue stood at Rs. 51.63 lakhs, down from Rs. 82.29 lakhs in Q2 FY25. Profit after tax for Q2 came in at Rs. 24.28 lakhs versus a loss of Rs. 22.78 lakhs year-on-year, while H1 FY26 PAT jumped to Rs. 54.51 lakhs from a loss of Rs. 35.12 lakhs in H1 FY25 — a clear turnaround. The company operates as an NBFC with a loan book of around Rs. 80 crore and borrowings of about Rs. 100 crore against equity of just Rs. 3.14 crore. Operating cash flow was healthy at Rs. 1,988.76 lakhs, though the auditor flagged that no income tax provision has been made during the year, contrary to the accrual requirement under the Income Tax Act.
The swing from loss to profit is positive for sentiment, but a year-on-year revenue decline and the auditor's emphasis of matter on tax provisioning are concerns. The very high debt-to-equity (~319x) reflects the NBFC business model, but investors should watch asset quality and recovery on the large loan book.