Financial Results (Standalone and Consolidated) of the Company for the Half year ended September 30, 2025
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Shashwat Furnishing Solutions Ltd reported its H1 FY26 (ended September 30, 2025) results on November 14, 2025. Standalone revenue from operations crashed about 64% year-on-year to Rs 83.56 lakhs from Rs 233.95 lakhs in H1 FY25. The company swung to a standalone loss after tax of Rs 27.04 lakhs, compared with a profit of Rs 5.55 lakhs a year ago, with EPS turning negative at Rs -1.29. On a consolidated basis, revenue was Rs 896.68 lakhs (lifted by subsidiary Dhruvanshi Agrotech, which alone contributed Rs 813.27 lakhs), but the company still slipped into a consolidated loss of Rs 17.72 lakhs versus a profit of Rs 48.30 lakhs in H1 FY25. The statutory auditor A Y & Company issued an unmodified limited review opinion on both standalone and consolidated results. Operating cash flow remained positive at Rs 18.91 lakhs (standalone) and Rs 8.76 lakhs (consolidated).
Standalone performance sharply deteriorated with revenue collapsing and the company slipping into losses, which is a red flag for investors even though the consolidated picture is cushioned by the subsidiary. Watch for signs of recovery in the standalone handicraft business in the second half of FY26.