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Saianand Commercial Limited reported unaudited Q2 FY26 results showing net profit of Rs. 84.06 lakhs, a sharp turnaround from a loss of Rs. 1.23 lakhs in Q2 FY25. Revenue from operations was nil in both Q2 and H1 FY26, down from Rs. 119.82 lakhs and Rs. 247.54 lakhs respectively, with the company relying on other income (Rs. 95.63 lakhs in Q2, Rs. 129.65 lakhs in H1) to drive profitability. For the half year, net profit surged to Rs. 107.20 lakhs from Rs. 17.29 lakhs in H1 FY25, a more than 6x jump. The balance sheet remains strong with total assets of Rs. 4,349.29 lakhs and shareholders' funds of Rs. 4,119.29 lakhs against minimal borrowings of Rs. 230 lakhs. Operating cash flow turned positive at Rs. 144.35 lakhs in H1 FY26 versus negative Rs. 147.05 lakhs a year ago.
The complete absence of operating revenue is a concern, but the company is profitable and cash-flow positive, likely from investment/other income on its large investment and loan portfolio. The mid-year auditor change from Rishi Sekhri and Associates to Bipin & Co. is a notable governance point shareholders should monitor.