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The Board of Directors of Radhe Developers (India) Limited approved the unaudited financial results for the quarter and half year ended September 30, 2025 on October 16, 2025. For H1 FY26, revenue from operations surged to ₹863.66 lakhs from ₹347.00 lakhs in H1 FY25, while profit after tax jumped to ₹466.41 lakhs from ₹46.73 lakhs. However, in Q2 FY26 standalone, revenue dropped sharply to ₹248.83 lakhs from ₹614.83 lakhs in Q1 FY26, though the company still posted a PAT of ₹78.62 lakhs. The auditor's limited review report flagged that no provision has been made for gratuity in the quarterly results, which is not in line with Accounting Standard 15.
The strong half-yearly numbers reflect robust business growth, but the steep sequential revenue drop in Q2 FY26 and the auditor's observation on gratuity provisioning raise some concerns. Shareholders should watch for clarification on the gratuity compliance issue and whether Q2 weakness was a one-off or a trend.