Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting ....
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The Board approved Unaudited Standalone and Consolidated Financial Results for Q2 FY26 and H1 FY26, along with an unmodified Limited Review Report from V. Singhi & Associates. On a standalone basis, total income for H1 FY26 fell to Rs 3,523.24 lakhs from Rs 6,060.71 lakhs a year ago, while profit after tax dropped about 78% to Rs 993.06 lakhs (from Rs 4,518.24 lakhs), and EPS came in at Rs 3.64 vs Rs 16.56. On a consolidated basis, H1 FY26 PAT declined roughly 75% to Rs 1,618.93 lakhs from Rs 6,426.07 lakhs, with Q2 FY26 consolidated PAT nearly flat/slightly negative at Rs (2.96) lakhs versus Rs 3,082.28 lakhs in Q2 FY25. The decline is largely driven by much lower net gain on fair value changes (Rs 1,111.93 lakhs in H1 FY26 vs Rs 5,009.16 lakhs in H1 FY25), while interest income actually grew. Standalone operating cash flow turned negative at Rs (284.49) lakhs vs a positive Rs 2,168.99 lakhs in H1 FY25, and consolidated operating cash outflow widened to Rs (5,493.21) lakhs. Prior period figures (H1 FY25) have been restated to give effect to a scheme of amalgamation involving four subsidiaries and an associate that merged into Maharaja Shree Umaid Mills Ltd (effective 2 Dec 2024). Another scheme involving an associate, Placid Ltd, remains pending with NCLT Kolkata.
Sharp YoY fall in profits and revenue is largely from mark-to-market valuation swings on investments rather than core lending/income weakness; shareholders should expect muted near-term earnings volatility. Restated comparatives and pending NCLT schemes may temporarily distort peer comparisons.