Outcome of the Board Meeting held on 13th November, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2025, along with the auditor's limited review report from Vora & Associates. On a standalone basis, total income for Q2 FY26 rose to Rs 180.71 lakhs (vs Rs 118.22 lakhs in Q2 FY25, ~53% YoY) and H1 FY26 income rose to Rs 298.93 lakhs (~26% YoY). Standalone profit after tax grew to Rs 204.88 lakhs in H1 FY26 vs Rs 134.23 lakhs in H1 FY25 (~53% YoY), with EPS of Rs 1.21 for the half year. Consolidated PAT jumped to Rs 113.08 lakhs in H1 FY26 from Rs 13.55 lakhs last year, helped by a swing from a small loss in Q2 FY25 to a Rs 106.01 lakh profit in Q2 FY26. The auditor issued an unqualified review report with no qualifications or emphasis of matter.
Strong headline profit growth on both standalone and consolidated basis is positive for shareholders, but the company is reporting deeply negative operating cash flows (standalone -Rs 356.81 lakhs, consolidated -Rs 1,035.40 lakhs for H1), suggesting earnings are not translating into cash and the business is being funded by working capital drawdowns. Investors should weigh reported profit growth against this cash burn and note that the subsidiary Sea King Club Pvt Ltd posted a Rs 67.55 lakh loss in H1.