The Financial performance of the company - both Standalone and Consolidated - was mistakenly presented as Q2 figures, whereas the figures actually represented the Half Year Ended performance
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Awaiting price reaction for this filing.
Nihar Info Global has informed the stock exchange that an earlier Operational Review incorrectly presented Half Year Ended figures as Q2 figures, making the year-on-year comparison invalid. The company has now shared the correct standalone and consolidated Q2 numbers. On a standalone basis, turnover rose 106.2% sequentially to Rs 4.29 crore and net profit rose 88.3% to Rs 10.32 lakh. On a consolidated basis (including Life 108 Healthcare and Beastbells), turnover rose 78.5% to Rs 5.92 crore and net profit jumped 227.1% to Rs 20.44 lakh, compared with Q1.
The correction is administrative in nature and does not change the fundamental picture—both standalone and consolidated numbers show strong sequential growth, which is supportive for the stock. Shareholders should note that prior comparisons in the earlier filing were not reliable.