With reference to the above captioned subject, we hereby informed you that the Board of Directors at their meeting held today i.e., Friday, 07th November 2025, 03:30 P.M. concluded at ....
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Abhijit Trading Company's board, at its meeting on 7 November 2025, approved the unaudited financial results for Q2 and H1 FY26 (quarter and half year ended 30 September 2025). Revenue from operations fell sharply to about ₹32.55 lakhs in Q2 FY26 from ₹70.74 lakhs in Q2 FY25, a roughly 54% year-on-year decline. However, other income surged to ₹78.50 lakhs in H1 FY26 from ₹13.82 lakhs in H1 FY25, driving total income to ₹78.50 lakhs vs ₹54.93 lakhs. Standalone profit after tax more than tripled to ₹68.59 lakhs for H1 FY26 (from ₹19.95 lakhs) and doubled to ₹37.60 lakhs for Q2 (from ₹18.80 lakhs), with H1 EPS at ₹0.23 vs ₹0.07. The auditor (VRSK & Associates) issued a limited review report carrying an emphasis of matter paragraph. The balance sheet remains highly leveraged with current borrowings of about ₹3,11,620 lakhs against total equity of ₹70,833.67 lakhs. Operating cash flow turned negative at -₹73.18 lakhs in H1 FY26 versus +₹4,702.17 lakhs in H1 FY25.
Operational business is clearly contracting and the company is now heavily dependent on other income (likely investment/book profits) to deliver bottom-line growth, which is not sustainable. The very high debt-to-equity ratio (~4.4x) and swing to negative operating cash flow raise quality-of-earnings concerns for shareholders despite the headline PAT growth.