Submission of Unaudited financials results of Grand Oak Canyons Distillery Limited (Formerly Known as Pacheli Industrial Finance Limited) for the quarter & half year ended onb September ....
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Grand Oak Canyons Distillery Ltd (formerly Pacheli Industrial Finance Ltd) submitted its unaudited Q2 and H1 FY26 results. On a standalone basis, revenue from operations fell to ₹7.13 lakh in Q2 FY26 from ₹14.84 lakh in Q2 FY25, and the company reported a small loss before tax of ₹0.55 lakh for H1 FY26. On a consolidated basis, the company swung to a profit of ₹2,016.57 lakh for H1 FY26 from a loss of ₹468.08 lakh a year ago, driven almost entirely by ₹2,017.12 lakh share of profits from associate companies. Total assets stand at around ₹3,49,964 lakh (standalone) with borrowings of ₹2,65,000 lakh against equity of just ₹84,952 lakh. The statutory auditor's Limited Review Report contains an Emphasis of Matter paragraph, though the overall conclusion is unqualified.
The standalone operations remain negligible with persistent losses, while consolidated profitability is entirely dependent on associate companies rather than core business activity. The highly leveraged balance sheet (borrowings roughly 3x equity) combined with minimal operating revenue and an Emphasis of Matter from auditors raises concerns about the sustainability of the business model for retail shareholders.