UNAUDITED FINANCIAL RESULTS The Board of Director have considered and approved the Unaudited Financial Results along with Limited Review Report thereon for quarter & half year ended on ....
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The board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. Standalone revenue from operations fell sharply to Rs 7.13 lakh from Rs 14.84 lakh in the same quarter last year, a drop of about 52%. Standalone profit before tax was Rs 3.67 lakh in Q2 FY26 versus a large loss of Rs 476.14 lakh in Q2 FY25. Consolidated profit came in at Rs 485.98 lakh for Q2 and Rs 2,016.57 lakh for H1 FY26, mostly driven by gains from shares in associate companies. The statutory auditor VRSK & Associates issued a limited review report with an emphasis of matter paragraph on the standalone results. The company also confirmed that Regulation 32 of SEBI LODR is not applicable since it has not raised funds through any public, rights or preferential issue.
Investors should note the steep year-on-year drop in core operating revenue and the auditor's emphasis of matter flag on the standalone results, which points to some underlying concerns. Balance sheet remains highly leveraged with current borrowings of Rs 2.65 crore against total equity of about Rs 0.85 crore, and a very small operating base — risk profile stays elevated despite the consolidated profit being boosted by associate company gains.