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MAJESAUT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Majestic Auto Limited reported unaudited Q2 FY26 standalone results with revenue from operations of ₹723.39 lakhs, up 14.5% YoY from ₹631.92 lakhs. The company booked an exceptional gain of ₹12,280 lakhs from the sale of its subsidiary Emirates Technologies Private Limited (ETPL) for ₹196 crore on September 4, 2025, which ceased to be a subsidiary from that date. Standalone Q2 PAT rose ~25.6% YoY to ₹741.12 lakhs. However, H1 FY26 standalone revenue from operations fell sharply by ~45% YoY to ₹1,341.35 lakhs (from ₹2,443.67 lakhs), reflecting the wind-down of legacy auto operations. The company received an additional ₹8 crore as advance (cumulative ₹109.74 crore of ₹128.50 crore) for its Greater Noida plot sale to Cyrrus Manufacturing LLP. Mr. Nishant Sharma was appointed as new Company Secretary. Auditor Hari S. & Associates issued a clean limited review with no qualifications.
The exceptional gain materially boosts headline earnings, but the steep H1 revenue decline underscores the company's heavy pivot to real estate. Investors should track the timely realization of the remaining ~₹18.76 crore from the plot sale and any further asset monetisation to sustain post-exceptional earnings.