Results for the Quarter and Half year ended on 30th September 2025
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Kalpa Commercial Ltd's board, at its meeting on 14 November 2025, approved unaudited standalone financial results for Q2 and H1 FY26. Revenue from operations jumped to ₹700.25 lakh in Q2 and ₹1,299.47 lakh in H1 FY26, versus no operating revenue reported in the corresponding prior-year periods, indicating a sharp scale-up in trading activity (Purchase of stock-in-trade was ₹1,276.39 lakh in H1). Profit after tax was ₹1.00 lakh in Q2 and ₹15.75 lakh in H1 FY26, a turnaround from a ₹0.42 lakh loss in H1 FY25 and a ₹273.63 lakh full-year FY25 loss. However, cash flow from operations was negative at ₹(116.29) lakh for H1 FY26, and cash balance dropped sharply to ₹0.59 lakh from ₹25.54 lakh at year-end FY25. Statutory auditor SGR & Associates LLP issued an unqualified limited review report with no qualifications.
The company has shifted into active trading operations and swung to profitability versus the FY25 loss, which is a positive structural change for shareholders. However, deeply negative operating cash flow and a near-zero cash balance raise near-term liquidity concerns that investors should weigh against the headline profit turnaround.