Please find attached Unaudited Results for Quarter ended September 30, 2025
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Mideast Portfolio Management Ltd, a lending and finance company, reported a standalone net profit of Rs 14.80 lakhs for Q2 FY26 (Jul-Sep 2025) versus Rs 1.95 lakhs in the same quarter last year. Total income for the quarter stood at Rs 21.32 lakhs versus Rs 3.54 lakhs YoY. For the first half of FY26 (H1), total income jumped to Rs 149.69 lakhs from Rs 7.00 lakhs, with a net profit of Rs 136.83 lakhs versus Rs 2.85 lakhs earlier. The company gave an unaudited, limited-reviewed clean report signed by a new auditor, Motilal & Associates LLP, indicating an auditor change during the year. On the balance sheet, the loans book nearly doubled to Rs 269.49 lakhs (from Rs 122.72 lakhs in March 2025), and accumulated losses narrowed sharply from Rs 140.06 lakhs to Rs 3.24 lakhs, bringing net worth close to break-even.
The sharp swing into profit and the doubling of the lending book signal a business turnaround, which is positive for shareholders. However, H1 earnings are lumpy — driven largely by a Rs 125 lakh one-time other operating income booked in Q1 FY26 — so sustainability of these numbers remains to be seen. The change of statutory auditor is a disclosure worth tracking, though the new auditor issued an unqualified review report.