Result- Unaudited Financial Statement for the Quarter and Half Year ended 30th September, 2025
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Awaiting price reaction for this filing.
Karnawati Innovation reported revenue from operations of Rs 2,000.42 lakhs in Q2 FY26 (ended Sept 2025), compared to virtually nil in the same quarter last year, driven entirely by a newly started Agricultural Business segment. Profit after tax for Q2 FY26 rose to Rs 161.48 lakhs versus Rs 1.58 lakhs in Q2 FY25. For the half year, total income stood at Rs 2,118.39 lakhs against Rs 55.85 lakhs in H1 FY25, with PAT of Rs 177.73 lakhs versus Rs 2.10 lakhs. Total assets expanded sharply to Rs 2,070.90 lakhs (from Rs 172.17 lakhs at March 2025), but current borrowings surged to Rs 1,223.13 lakhs from Rs 11.73 lakhs, and other equity remains negative at Rs -243.94 lakhs (though improving from Rs -421.67 lakhs). Statutory auditor A L Thakkar & Co. issued an unmodified limited review report.
The pivot into the Agricultural Business has sharply lifted revenue and profit compared to a near-zero base last year, which is positive for the stock narrative. However, current borrowings have ballooned roughly 100x and the company still carries negative reserves, signalling elevated financial risk that shareholders should watch closely.