Un-Audited Financial Results And Limited Review Report For The Quarter And Half Year Ended September 30, 2025.
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Golden Legand Leasing & Finance Ltd reported Q2 FY26 revenue from operations of ₹7,670.35 lakhs, a dramatic jump from just ₹332.17 lakhs in Q2 FY25. For H1 FY26, revenue was ₹11,265.47 lakhs versus ₹592.71 lakhs in H1 FY25, and the full FY25 figure was only ₹934.38 lakhs. Profit after tax for Q2 FY26 stood at ₹837.26 lakhs (vs ₹43.79 lakhs in Q2 FY25), with H1 FY26 PAT at ₹1,328.63 lakhs, compared to a full-year FY25 loss of ₹219.95 lakhs. The company also saw cash and cash equivalents surge from ₹161.37 lakhs to ₹4,332.10 lakhs, while borrowings dropped sharply from ₹726.04 lakhs to ₹44.32 lakhs. However, the statutory auditor issued a qualified conclusion, flagging that key balances remain unreconciled, prior period errors were not restated as required by Ind AS 8, and income is recognized based on internal software reports not yet matched against bank statements.
Despite the headline surge in revenue and profits, the auditor's qualified opinion—particularly the inability to reconcile reported income with bank transactions—raises serious concerns about the reliability of these numbers. Shareholders should treat the dramatic growth with caution until the company provides clarity on revenue recognition and reconciliation.