The Board at its meeting held today interalia considered and approved the Unaudited Financial Results for the quarter and half year ended September 30, 2025 alongwith the respected Limited ....
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FGP Limited's board approved unaudited financial results for Q2 and H1 FY26 ended September 30, 2025, with statutory auditor MVK Associates issuing an unmodified (clean) limited review report. Revenue from operations for H1 FY26 was ₹13.09 lakhs versus ₹11.79 lakhs in H1 FY25, while total income rose to ₹79.94 lakhs from ₹71.31 lakhs. Profit for the period jumped sharply to ₹32.32 lakhs (from ₹6.14 lakhs), driven primarily by other income of ₹66.85 lakhs, which appears to be investment-related rather than core business. The balance sheet shows total equity of ₹366.58 lakhs, though other equity remains deeply negative at ₹(822.93) lakhs due to accumulated losses. Net cash from operations for the half year was ₹47.45 lakhs, with closing cash and bank balance of ₹67.14 lakhs.
Profit after tax grew more than four times year-on-year, but earnings remain overwhelmingly dependent on investment income rather than actual business operations, with revenue from operations being negligible. The deeply negative other equity and tiny revenue base signal a company living off its investment portfolio rather than operating activity, which is a concern despite the clean audit.