BSEMilestone Global LtdHighNeutral
Announced Fri, 14 Nov · 12:49 IST

Submission of Unaudited Financial results (standalone and consolidated) for the quarter and half year ended 30th September 2025

Revenue DeclinePat Growth 25pctPat NegativeNegative Operating CashflowResults View source PDF

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AI summary

Milestone Global Limited submitted its unaudited Q2 and H1 FY26 results (both standalone and consolidated), approved by the board on 14 November 2025. On a standalone basis, revenue from operations fell about 10% YoY in Q2 to Rs 263.58 lakhs (vs ~Rs 293.58 lakhs) and H1 revenue came in around Rs 575 lakhs versus ~Rs 624 lakhs last year. Standalone H1 profit after tax more than doubled to Rs 28.28 lakhs (from Rs 12.64 lakhs), though Q2 standalone PAT dropped sharply to Rs 7.92 lakhs from ~Rs 28.76 lakhs. On a consolidated basis, H1 PAT improved to Rs 32.82 lakhs (from Rs 20.73 lakhs), but the company slipped into a consolidated loss of Rs 10.40 lakhs in Q2. Operating cash flow stayed negative on both standalone (-Rs 43.59 lakhs) and consolidated (-Rs 19.34 lakhs) bases. The auditor (P.L. Tandon & Co.) issued a clean limited-review report; financials of the UK and US subsidiaries were included in consolidation but not independently reviewed.

Likely market impact

Mixed signals for shareholders: headline H1 PAT growth looks strong, but standalone revenue is shrinking, the consolidated quarter turned to a loss, and cash burn from operations has widened, suggesting earnings quality is weak and the business remains dependent on working-capital cycles.