Kindly find enclosed herewith the unaudited financial results for half year ended 30th September, 2025.
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Goblin India Ltd reported unaudited standalone revenue from operations of Rs 1,661.44 lakhs for H1 FY26, up about 6.8% from Rs 1,555.34 lakhs in H1 FY25. However, net profit fell sharply to Rs 102.72 lakhs from Rs 167.03 lakhs, a drop of roughly 38%, mainly due to higher employee costs and other expenses. EPS declined to Rs 0.74 from Rs 1.21. On a consolidated basis, revenue was nearly flat at Rs 2,491.70 lakhs while net profit halved to Rs 153.60 lakhs from Rs 322.35 lakhs. The auditor issued an unqualified limited review report but included an Emphasis of Matter note flagging a Rs 88 lakh plus Rs 27 lakh income-tax liability from AY 2020-21 that has not been paid and is being adjusted against future refunds, with a net outstanding of Rs 42.63 lakhs subject to reconciliation.
Mixed outcome — top line held up on a standalone basis but profitability weakened materially, which may pressure the stock in the short term. The auditor's tax-related emphasis note is a minor governance flag worth monitoring but not a red flag at this stage.