The Board has at its meeting approved the Unaudited Financial Results for the second quarter and half year ended on 30th September, 2025 which have been subjected to Limited Review by the ....
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E & E Enterprises Limited (formerly a Swastik Group NBFC, now renamed effective Oct 16, 2025) reported its Q2 FY26 results after voluntarily surrendering its NBFC registration to the RBI in July 2025 and pivoting to a hotel, restaurant and real estate business. Total income for Q2 stood at Rs 25.04 lakhs (vs Rs 24.13 lakhs in Q2 FY25), while H1 FY26 total income was Rs 50.39 lakhs vs Rs 44.71 lakhs. Net profit after tax jumped sharply to Rs 16.64 lakhs in Q2 (vs Rs 4.99 lakhs) and rose to Rs 32.08 lakhs for H1 (vs Rs 28.17 lakhs), with basic EPS of Rs 6.93 for Q2 (vs Rs 2.08). No revenue from operations was reported for the current period as the old NBFC lending/investing income has ceased, and earnings are now mostly from other income on the company's large investment portfolio (reserves of ~Rs 642.79 crore). The statutory auditor (K K Birla & Co.) issued a clean limited review report with an Emphasis of Matter paragraph drawing attention to the NBFC surrender and business pivot.
The company has effectively transformed itself from an NBFC into a property/hospitality business, so period-on-period numbers are not strictly comparable. The sharp jump in Q2 profit and EPS is encouraging on a standalone basis, but the company now has no operating revenue and is largely earning from its existing reserves and investments, meaning future earnings will depend on execution of the new hospitality/real estate strategy.