Outcome of Board Meeting held on 13.11.2025 under Regulations 30 and 33 of SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015.
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ERP Soft Systems' board approved unaudited Q2 FY26 (ended 30 Sept 2025) results on 13 Nov 2025. Standalone performance was weak: Q2 revenue from operations fell to Rs. 15.93 lakhs from Rs. 30.93 lakhs a year ago (about 48% YoY drop), and H1 standalone revenue dropped to Rs. 75.39 lakhs from Rs. 155.12 lakhs; standalone PAT was Rs. 2.12 lakhs in Q2 (vs Rs. 1.73 lakhs YoY) and Rs. 4.09 lakhs for H1. Consolidated numbers tell a different story, driven by the US subsidiary Libertycom LLC: consolidated Q2 revenue jumped to Rs. 233.79 lakhs (vs Rs. 167.70 lakhs YoY, about 39% growth) and consolidated PAT rose to Rs. 4.68 lakhs (vs Rs. 3.11 lakhs). The auditor (Sudhakar & Kumar Associates) issued a clean limited review report, noting that the subsidiary's financials were not independently reviewed (contributing Rs. 217.86 lakhs of revenue). Operating cash flow turned negative at Rs. (66.95) lakhs for H1 FY26 on a consolidated basis, against a positive Rs. 66.59 lakhs last year.
Shareholders should note the sharp divergence between standalone (declining) and consolidated (growing) numbers – almost all consolidated growth comes from the US subsidiary. The clean auditor review is reassuring, but negative consolidated operating cash flow and weak standalone revenue are red flags worth watching.