Un-audited Financial Results and Limited Review Report for the quarter and half year ended September 30, 2025.
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The board approved unaudited financial results for Q2 FY26 (ended September 30, 2025) along with the limited review report from statutory auditor Sunil Vankawala & Associates. Revenue from operations jumped sharply to ₹7,670.35 lakh in Q2 FY26 from just ₹332.17 lakh in Q2 FY25, while profit after tax rose to ₹837.26 lakh from ₹43.79 lakh in the same quarter. For the half-year, total revenue stood at ₹11,265.47 lakh with PAT of ₹1,328.63 lakh, reversing a full-year FY25 loss of ₹219.95 lakh. The auditor issued a qualified conclusion, flagging unreconciled trade receivables, payables, loans and bank balances, non-compliance with Ind AS 8 on prior period errors, and income recognition based on internal software reports not yet matched to bank statements.
Sharp year-on-year revenue and profit growth is a positive headline, but the auditor's qualified review — covering unreconciled balances and unverified income — is a meaningful red flag that investors should weigh before drawing conclusions on earnings quality.