Ardi Alliances504370Quarterly results
Board Meeting Outcome: Unaudited Results for Quarter and Half Year Ended September 30, 2026 Approved
Board Meeting Outcome.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Profit before tax | (2.51) | (0.96) | −161% | (5.32) | +52.8% |
| Profit after tax | (2.51) | (0.96) | −161% | (5.32) | +52.8% |
| Total comprehensive income | (2.51) | (0.96) | −161% | (5.32) | +52.8% |
| Basic EPS | (0.63) | (0.24) | −163% | (1.33) | +52.6% |
- Profit after tax - Year ago
- (0.96) (−161%)
- Profit after tax - Prev qtr
- (5.32) (+52.8%)
- Period
- Quarter ended September 30, 2026
- Total income
- -
Auditor's review
Conclusion: Unmodified
- Emphasis of Matter: balances of Trade Receivables, Trade Payables and all Loans and Advances are pending verification via external confirmations and reconciliation.
- Company did not have a GSTN; revenue from goods sales required GST-related verification via vouching of invoices; opinion not modified.
- Reliable value and supporting documents for investments were not presented; auditor relied on management representations; conclusion not modified.
What the board approved
The board met on Wednesday, 14 October 2026 and approved the unaudited financial results of the company for the quarter and half year ended 30 September 2026, along with the limited review report. The meeting started at 05:15 PM and concluded at 05:50 PM. These are standalone results, and the statement is presented in Rs. in lacs except per share data.
The results as printed
- Revenue from operations is printed as a dash for the quarter ended 30 September 2026 and for the half year ended 30 September 2026; for the year ended 31 March 2026 it was 293.48 lacs, with total revenue (net) of 293.49 lacs.
- Employee benefits expense: 1.33 lacs for the quarter, 0.62 lacs for the preceding quarter, 0.73 lacs for the quarter ended 30 September 2025; 1.95 lacs for the half year against 1.96 lacs a year earlier.
- Other expenses: 1.18 lacs for the quarter and 5.88 lacs for the half year.
- Total expenses: 2.51 lacs for the quarter and 7.83 lacs for the half year.
- Profit/(loss) before tax: (2.51) lacs for the quarter, (5.32) lacs for the preceding quarter and (0.96) lacs for the quarter ended 30 September 2025; (7.83) lacs for the half year against (2.82) lacs a year earlier; 5.32 lacs for the year ended 31 March 2026.
- Net profit/(loss) for the period from continuing operations: (2.51) lacs for the quarter and (7.83) lacs for the half year.
- Basic and diluted loss per share from continuing operations: (0.63) for the quarter, (1.33) for the preceding quarter and (1.96) for the half year.
- Paid-up equity share capital: 40.00 lacs, with a face value of 10.00 per share.
The auditor's limited review
S K Bhavsar & Co., Chartered Accountants, carried out a limited review of the statement. Their conclusion is not modified. A review gives moderate assurance and is not an audit opinion.
- Emphasis of Matter: the presented balances for trade receivables, trade payables and all loans and advances (including any deposits made or received) as at the balance sheet date are pending comprehensive verification, through direct confirmations from the customers, vendors and loan counterparties involved and reconciliation with the company's internal ledger records.
- The company did not have a GSTN during the audit period, so revenue from goods sales required specific verification relating to Goods and Services Tax; alternative procedures such as vouching sales and purchase invoices and supporting documents were applied, and this does not impact the review conclusion.
- The reliable value and supporting documents relating to the investments were not presented to the auditor, who relied on management representations and the management letter; the conclusion is not modified in respect of this matter.
Balance sheet and cash flow
- Total assets: 380.41 lacs as at 30 September 2026 and 380.41 lacs as at 31 March 2026.
- Non-current investments: 226.64 lacs; current trade receivables: 121.61 lacs; cash and cash equivalents: 32.16 lacs.
- Non-current borrowings: 150.02 lacs as at 30 September 2026 against 143.03 lacs as at 31 March 2026.
- Total outstanding dues of creditors other than micro and small enterprises: 200.64 lacs.
- Other equity: (14.79) lacs as at 30 September 2026 against (6.96) lacs as at 31 March 2026; total equity 25.21 lacs against 33.04 lacs.
- Net cash used in operating activities: (6.98) lacs for the six months ended 30 September 2026 against (2.94) lacs a year earlier; net cash from financing activities 6.98 lacs against 0.45 lacs; closing cash and cash equivalents 32.16 lacs.
What a retail reader can take away
- The figures are unaudited and only limited-reviewed, so they are interim numbers and not the full-year audited accounts.
- For the quarter and half year, the revenue from operations line is printed as a dash and the company reports a loss from continuing operations, while the year ended 31 March 2026 showed a profit.
- The auditor's emphasis of matter draws attention to receivables, payables, loans and advances still to be confirmed with external parties, and to investments whose valuation documents were not presented, while the review conclusion itself is not modified.
Also from Ardi Alliances
Board meeting on October 14th, 2026 to consider and approve unaudited financial results
9 Oct 2026
More numbers
- Net loss from continuing operations, half year ended Sep 30, 2026(7.83)
- Total expenses, quarter ended Sep 30, 20262.51
- Paid-up equity share capital40.00
- Total assets as at Sep 30, 2026380.41
- Non-current borrowings as at Sep 30, 2026150.02
- Cash and cash equivalents as at Sep 30, 202632.16
- Total income, latest quarter- (Rs. in lacs)
- Total income, year-ago quarter- (Rs. in lacs)
- Total income, previous quarter- (Rs. in lacs)
- Total comprehensive income, latest quarter(2.51) (Rs. in lacs)
- Total comprehensive income, year-ago quarter(0.96) (Rs. in lacs)
- Total comprehensive income, previous quarter(5.32) (Rs. in lacs)
- Profit after tax, latest quarter(2.51) (Rs. in lacs)
- Profit after tax, year-ago quarter(0.96) (Rs. in lacs)
- Profit after tax, previous quarter(5.32) (Rs. in lacs)
- Revenue from operations, latest quarter- (Rs. in lacs)
- Revenue from operations, year-ago quarter- (Rs. in lacs)
- Revenue from operations, previous quarter- (Rs. in lacs)
- Profit before tax, latest quarter(2.51) (Rs. in lacs)
- Profit before tax, year-ago quarter(0.96) (Rs. in lacs)
- Profit before tax, previous quarter(5.32) (Rs. in lacs)
Source: BSE · 14 Oct 2026
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