Please find enclosed Unaudited Financial Statements for the quarter and half year ending 30th September 2025.
Awaiting price reaction for this filing.
South Asian Enterprises Ltd reported its Q2 FY26 results for the quarter and half year ended 30 September 2025, with statutory auditor Agiwal & Associates issuing a clean (unmodified) limited review report and no adverse comments. Q2 revenue from operations jumped to Rs 11.53 lakhs from Rs 2.63 lakhs a year earlier (over 4x YoY), helped by the trading segment, and the company swung to a Q2 profit after tax of Rs 1.99 lakhs versus a loss of Rs 4.38 lakhs in Q2 FY25. For the half year, revenue from operations rose to Rs 15.13 lakhs (vs Rs 13.77 lakhs) but the company still posted a small loss after tax of Rs 3.96 lakhs, narrowed from Rs 6.50 lakhs last year. The results include a Rs 3.88 lakh depreciation/impairment charge tied to the Kanpur amusement park assets (lease expired and possession taken over by Kanpur Nagar Mahapalika), while a Rs 290.40 lakh receivable from erstwhile subsidiary Chai Thela was fully written off with no P&L impact as it was already 100% provided in FY25.
Short-term: Q2 swung to profit and revenue surged, which is sentiment-friendly, but scale remains tiny (single-digit lakhs of PAT) and other equity is negative at Rs (61.77) lakhs, signalling accumulated losses. Investors should watch whether the trading-led revenue growth sustains and whether the impaired amusement park assets and negative operating cash flow of Rs 16.61 lakhs in H1 pressure liquidity further.