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This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →

BSEMRUGESH TRADING LTD.· FinanceHighNeutral
Announced Sat, 31 Oct, 2026 · 19:53 IST

Auditor qualifies results and flags Rs 1,595 lakh overdue advances

Qualified audit opinionRevenue growth above 20%EBITDA margin compressionResults View source PDFExplain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+4.3%Reaction day
₹79.50
prior close
₹82.00
announcement price
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Nifty Microcap 250market · in no size index; the smallest one is used+1.4%+2.9% vs market
Non Banking Financial Company (NBFC) peers, median of 214sector+0.6%+3.7% vs sector

On the reaction day the stock moved 2.9 pts more than Nifty Microcap 250 and 3.7 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 214Pending

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AI summary

Half-year revenue rose over 20% year on year, but results received a limited review with a qualified conclusion. The auditor could not verify third-party inventory or sales where billing and shipping differed. It flagged overdue trade advances of Rs 1,595 lakh and unsecured loans and advances of Rs 200.56 lakh without support. Operating cash flow was negative Rs 1,695.46 lakh. Prior figures were restated, regrouped or reclassified.

Likely market impact

The auditor's findings, overdue advances and negative cash flow raise recovery risk, earnings-quality concerns and funding pressure.

By the numbersStandalone · Q2 FY27 vs Q2 FY26
Q2 FY27Q2 FY26Change
Revenue₹1.71 Cr₹0.98 Cr+74.4%
Operating profit−₹0.34 Cr−₹0.03 Crloss widened
Profit after tax₹0.14 Cr−₹0.03 Crturned positive
EBITDA margin-13.9%-3.0%−10.9 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.