Unaudited Financial results for the Half year ended 30th Sep 2025
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Popular Foundations Ltd, listed on BSE (Scrip Code: 544259), announced its H1FY26 (April–September 2025) unaudited results on November 10, 2025. Revenue from operations rose to ₹3,400.91 lakhs from ₹2,399.61 lakhs in the same period last year, a growth of about 42%. However, profit after tax dropped sharply to ₹92.15 lakhs from ₹242.13 lakhs, and EPS fell to ₹0.45 from ₹1.19, as expenses grew faster than revenue. Operating cash flow was positive at ₹47.01 lakhs. The Board also accepted the resignation of CFO Mr. N Chellappa, who will leave by close of business on November 15, 2025, to pursue opportunities outside the company. IPO proceeds of ₹1,986.90 lakhs have been almost fully utilised, with only ₹3.72 lakhs pending in an escrow account, and no deviation in use of funds was reported.
Revenue growth is encouraging, but the steep fall in profits and weakening margins may weigh on the stock. The sudden exit of the CFO adds some short-term leadership uncertainty, though the company has not yet named a replacement.