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Awaiting price reaction for this filing.
HCKK Ventures Limited announced unaudited results for Q2 FY26 (quarter ended 30 September 2025). Revenue from operations was nil versus Rs. 9.90 lakhs in Q2 FY25, and total income fell sharply to Rs. 5.88 lakhs from Rs. 26.59 lakhs year-on-year. The company swung to a loss before tax of Rs. 3.03 lakhs and a net loss of Rs. 1.36 lakhs (EPS of Rs. -0.04) in Q2 FY26, compared to a net profit of Rs. 8.87 lakhs in Q2 FY25. For the half year ended September 2025, total income stood at Rs. 26.59 lakhs with a net profit of Rs. 8.87 lakhs. The statutory auditor issued a qualified conclusion because the company did not recognise an Expected Credit Loss (ECL) of Rs. 34.99 lakhs on trade receivables as required under Ind AS 109, which would have turned the half-year profit into a loss.
Negative for shareholders — the auditor's qualified opinion on ECL provisioning flags receivable quality concerns, and Q2 swung to a loss with collapsing operating revenue. If the missing ECL provision is applied, the entire half-year profit would be wiped out.