Announced Fri, 14 Nov · 20:44 IST

Un-Audited (Standalone and Consolidated) Financial Results for September 30, 2025

Pat NegativeNegative Operating CashflowResults View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Ruparel Food Products Ltd (formerly Mehta Housing Finance Ltd, renamed on January 29, 2025) reported its first revenue from food operations: ₹233.16 lacs in Q2 FY26 versus zero revenue in Q1 FY26 and zero in Q2 FY25, indicating the company is just beginning its new business line. On a half-year basis, standalone revenue grew to ₹233.16 lacs from ₹204.40 lacs in H1 FY25 (~14% growth). Standalone losses narrowed slightly to ₹8.13 lacs in H1 FY26 from ₹9.35 lacs in H1 FY25, with a Q2 standalone loss of just ₹0.56 lacs. On a consolidated basis, the company turned profitable with a total profit after tax of ₹14.89 lacs for H1 FY26 (₹8.23 lacs in Q2 alone), driven entirely by its share of profits from associate SAMT Foods Private Limited. The auditor (VCA & Associates) issued an unmodified limited review report with no qualifications. Cash and bank balances declined from ₹59.14 lacs to ₹51.58 lacs during the half year, indicating negative operating cash flow.

Likely market impact

Standalone performance remains weak with continued losses and negligible revenue, but the appearance of operating revenue marks a transition from the legacy housing finance business. Shareholders benefit from the associate's contribution (SAMT Foods), which lifts consolidated numbers into profit. Watch for revenue scale-up and whether the new food business can become self-sustaining without the associate's support.