With reference to the above subject, we would like to inform you that our Board of Directors in their meeting held today i.e 10th November 2025 [commenced at 4:30 pm] at the registered ....
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Popular Foundations' board met on November 10, 2025 (4:30 PM to 5:55 PM) and approved the unaudited half-yearly financial results for the period ended September 30, 2025. Revenue from operations rose about 42% year-on-year to ₹3,400.91 lakhs from ₹2,399.61 lakhs, but profit after tax fell sharply to ₹92.15 lakhs from ₹242.13 lakhs in the same period last year, pulling basic EPS down to ₹0.45 versus ₹1.19. The board also accepted the resignation of CFO Mr. N Chellappa, who will be relieved on close of business on November 15, 2025 to pursue external opportunities. Total assets stood at ₹7,285.77 lakhs (vs ₹7,333.20 lakhs in March 2025) and IPO proceeds of ₹1,986.90 lakhs have been largely utilised, with ₹3.72 lakhs pending in escrow and no deviations reported.
Strong revenue growth is offset by a steep profit decline and the unexpected exit of the CFO just ahead of the reporting cycle, which may weigh on investor sentiment. Watch for the appointment of a new CFO and clarity on the margin pressure before drawing firm conclusions.