The Board of Directors has Approved and taken on record the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2025. (As Attached)
FEDDERSHOL · price
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Fedders Holding Limited (formerly IM+ Capitals Limited) submitted unaudited standalone and consolidated results for Q2 and H1 FY26. Consolidated revenue from operations fell sharply to Rs 5,353.61 lacs in Q2 FY26 from Rs 8,510.50 lacs in Q2 FY25, a ~37% year-on-year drop, with H1 FY26 revenue down ~42% to Rs 13,093.32 lacs. Despite the revenue slump, consolidated net profit for the quarter surged to Rs 1,647.08 lacs from Rs 759.23 lacs, and H1 FY26 PAT rose to Rs 3,087.43 lacs from Rs 2,705.41 lacs, lifted largely by other income. On a standalone basis, the parent remains in the red, posting a loss of Rs 23.62 lacs in H1 FY26 versus Rs 36.90 lacs loss a year ago. The auditor (O. Aggarwal & Co.) issued a qualified conclusion on the consolidated results, flagging multiple issues at subsidiary Fedders Electric and Engineering Limited, including non-transfer of Rs 47.65 lacs to the Investor Education and Protection Fund, missing fixed asset and scrap inventory records, non-compliance with Ind AS 109 on preference share valuation, and unsupported travel expenses.
Sharp revenue contraction at the consolidated level is a red flag even though bottom-line profit improved on other income. The qualified auditor opinion on consolidated accounts signals governance and compliance weaknesses at the key subsidiary, which is the main operating entity. Shareholders should watch for any follow-up disclosures on the subsidiary-level issues.