Revised Financial Result due to typographical error in the serial numbering of explanatory notes to the financial results.
MAJESAUT · price
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Majestic Auto Limited filed revised unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025), correcting a typographical error in the serial numbering of explanatory notes — the underlying numbers remain unchanged. On a standalone basis, Q2 revenue from operations rose to Rs 723.39 lakhs (from Rs 617.96 lakhs a year ago), while profit after tax surged to Rs 10,269.78 lakhs (vs Rs 949.69 lakhs), driven almost entirely by an exceptional item of Rs 12,280 lakhs. This exceptional gain came from the sale of the company's entire stake in subsidiary Emirates Technologies Private Limited (ETPL) — 1.60 crore shares at Rs 122.50 per share, totalling Rs 196 crore. The company also highlighted an ongoing agreement to sell a plot in Greater Noida for Rs 128.50 crore, against which Rs 109.74 crore advance has already been received. Half-year standalone PAT stood at Rs 11,219.47 lakhs (vs Rs 1,356.38 lakhs), with EPS of Rs 107.91. The company also appointed Mr. Nishant Sharma as the new Company Secretary and Compliance Officer. The auditor (Hari S. & Associates) issued an unqualified review report on both standalone and consolidated results.
The headline profit jump is largely a one-time accounting gain from the ETPL divestment and does not reflect ongoing operating performance — core operating profit actually shrank year-on-year. Shareholders should treat the surge as non-recurring and focus on the underlying real estate/investment activity and cash flows rather than the inflated bottom line.