Unaudited Financial results for the Quarter and Half Year Ended September 30, 2025.
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Sita Enterprises, a non-deposit-taking NBFC registered with RBI, reported total revenue of Rs. 263.13 lakhs for Q2 FY26, up sharply from Rs. 31.49 lakhs in Q2 FY25, driven mainly by net gains on fair value changes (Rs. 244.05 lakhs). Net profit for Q2 FY26 stood at Rs. 217.74 lakhs (EPS Rs. 7.26) versus Rs. 19.86 lakhs (EPS Rs. 0.66) a year earlier. For H1 FY26, revenue was Rs. 476.89 lakhs and net profit Rs. 415.87 lakhs, compared with Rs. 165.75 lakhs and Rs. 131.93 lakhs in H1 FY25. The auditor Patel Shah & Joshi issued an unmodified review opinion. During the quarter, control of the company changed with 70% of equity (21 lakh shares) transferring to new promoter Mr. Jitendra Rasiklal Sanghavi, and the company sold its stake in associate Bombay Mercantile and Leasing to its then directors.
Exceptional growth in both revenue and profit is largely driven by one-time fair value gains on investments rather than core interest/dividend income, so sustainability remains uncertain. The change of promoter and management overhaul introduces fresh strategic direction but also execution risk; shareholders should watch whether the surge translates into steady earnings going forward.