To consider and approve Un-audited Financial results of the Company for quarter and Half year ended on 30.09.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved unaudited results for Q2 and H1 FY26. Q2 revenue from operations rose to ₹858.56 lakhs from ₹723.99 lakhs a year earlier (up ~18.6%), and the company swung to a pre-exceptional profit of ₹80.16 lakhs from a loss of ₹92.69 lakhs. However, the company booked a one-time exceptional loss of ₹3,648.83 lakhs on the sale of its entire stake in subsidiary Kesar Multimodal Logistics Ltd (KMLL) to DP World, completed on September 10, 2025. This dragged H1 FY26 to a net loss of ₹3,636.95 lakhs versus a profit of ₹156.49 lakhs last year, with EPS turning negative at ₹(33.29). The auditor issued a qualified conclusion flagging the pending Deendayal Port Trust (DPT) litigation over leasehold land at Kandla, where the outcome could materially affect profits, lease assets, and lease liabilities. Two emphasis-of-matter notes were also added, both relating to KMLL, but the auditor's opinion is not qualified on those.
Core operations appear to be improving quarter-on-quarter, but shareholders face a headline net loss driven by the KMLL divestment one-time charge rather than weak business performance. The qualified auditor opinion and unresolved DPT lease dispute are overhangs that could materially impact the company's main Kandla-based liquid storage business if the ruling goes against the company. Stock may react negatively in the short term due to the large reported loss, though the underlying business is showing a turnaround in profitability.