Khandwala Securities Limited has informed the Exchange regarding revised unaudited financial results for the quarter and half year ended September 30 2025 and revised outcome of Board meeting held on November 10, 2025.
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Khandwala Securities has resubmitted its unaudited financial results for Q2 and H1 FY26 after spotting manual posting errors in trade receivables and trade payables. Trade receivables were revised down from Rs. 1,515.05 lakhs to Rs. 470.06 lakhs (standalone), and trade payables from Rs. 1,849.54 lakhs to Rs. 804.57 lakhs. The company clarified that these errors do not affect the reported profit or loss for the period. For Q2 FY26, the company reported revenue of Rs. 339.78 lakhs and a profit of Rs. 24.32 lakhs, recovering from a Rs. 58.58 lakh loss in Q1 FY26. However, on a half-year basis, revenue fell about 20% to Rs. 453.99 lakhs from Rs. 565.78 lakhs, and the company slipped into a loss of Rs. 34.26 lakhs versus a profit of Rs. 71.45 lakhs in H1 FY25. Cash flow from operations turned negative at Rs. (140.64) lakhs, leaving a negative cash balance of Rs. (155.06) lakhs at period end.
The restatement is balance-sheet-only and does not change earnings, so the direct financial impact is limited. However, the weak H1 performance — lower revenue, a swing to loss, and negative operating cash flow with a negative cash balance — points to near-term pressure on liquidity and profitability. Shareholders should watch for further clarity on cash management and whether the Q2 recovery sustains into H2.