Board approves Q2 and H1 results; auditor's limited review finds no material misstatement
Board met on 5 Nov 2026 and approved the unaudited consolidated and standalone results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 7,326.21 | 10,451.07 | −29.9% | 27,579.38 | −73.4% |
| Total income | 7,360.65 | 10,891.38 | −32.4% | 27,611.85 | −73.3% |
| Profit before tax | (254.27) | 162.12 | — | 251.83 | — |
| Profit after tax | (210.20) | 123.47 | — | 181.52 | — |
| Total comprehensive income | (211.81) | 120.19 | — | 179.90 | — |
| Basic EPS | (0.88) | 0.52 | — | 0.76 | — |
- Total income YoY change
- Year ago 10,891.38 (−32.4%)
- Period
- 30.09.2026
Auditor's review
Conclusion: Unmodified
- Figures for the quarter and half year ended September 30, 2025 were furnished by management and have not been subject to review by the auditor; conclusion not modified in respect of this matter.
Notes to the results
- Exceptional item: IPO related expenses of Rs 271.83 Lakhs (excluding GST) allocated to listing of existing shares recognised in the Statement of Profit and Loss.
- IPO completed: 80,00,000 equity shares of face value Rs. 10 issued at Rs. 375 per share aggregating Rs. 30,000 lakhs; shares listed on BSE and NSE on September 30, 2026.
- IPO expenses of Rs 2,507.83 Lakhs (net of tax) allocated to issue of new shares adjusted against securities premium.
- Group has two reportable segments: IT Infrastructure Solution and Managed Services, and Renewable Energy.
What the board approved
ArMee Infotech's board met on 5 November 2026, from 3.00 p.m. to 6.00 p.m., and approved the unaudited financial results — both consolidated and standalone — for the quarter and half year ended September 30, 2026, together with the Statutory Auditor's Limited Review Report. The results were recommended by the Audit Committee before being approved by the board.
The trading window was closed for the quarter ended September 30, 2026 and reopens 48 hours after the declaration of these results.
Auditor's review conclusion
Kantilal Patel & Co., Chartered Accountants, reviewed the consolidated statement. Its conclusion is unmodified: nothing has come to its attention that causes it to believe the statement has not disclosed the required information, or that it contains any material misstatement. A limited review gives moderate assurance and is not an audit opinion.
- The comparative figures for the quarter and half year ended September 30, 2025 were furnished by the management and were not subject to review by the auditors.
- The auditors state their conclusion is not modified in respect of this matter.
Consolidated results (Rs. lakh)
- Revenue from operations: 7,326.21 for the quarter, 34,905.59 for the half year
- Total income: 7,360.65 for the quarter, 34,972.90 for the half year
- Total expenses: 7,343.09 for the quarter
- Profit/(loss) before tax and exceptional item: 17.56 for the quarter
- Profit/(loss) for the period: (210.20) for the quarter
- Total comprehensive income/(loss): (211.81) for the quarter
- Basic and diluted EPS: (0.88) for the quarter
- Total assets: 121,824.58 as at September 30, 2026 against 95,886.74 as at March 31, 2026
What turned the quarter into a loss
The consolidated statement carries an exceptional item of 271.83 for the quarter — IPO related expenses (excluding GST) allocated to the listing of existing shares, recognised in the Statement of Profit and Loss. Separately, 2,507.83 (net of tax) of expenses allocated to the issue of new shares was adjusted against securities premium rather than charged to profit. Before the exceptional item, the quarter's profit before tax was 17.56.
The IPO completed in the quarter
- 80 lakh equity shares of face value Rs. 10 each issued at Rs. 375 per share
- The offer was a 100% fresh issue aggregating to Rs. 30,000 lakh
- The equity shares were listed on BSE Limited and National Stock Exchange of India Limited on September 30, 2026
- Objects of the issue include funds for securing PFIGs for expansion of business, working capital, repayment or prepayment of certain borrowings, general corporate purposes and issue expenses
How the two businesses did (quarter, Rs. lakh)
- IT Infrastructure Solution and Managed Services: revenue 7,326.21, segment result 1,302.25
- Renewable Energy: no revenue in the quarter, segment result (42.83)
- For the half year, IT Infrastructure revenue was 33,101.01 and Renewable Energy 1,804.58
Points a retail investor can track
- The consolidated quarter shows a loss of 210.20 (Rs. lakh) after the one-time IPO-linked exceptional item, while revenue from operations for the half year was 34,905.59 (Rs. lakh).
- The auditor's limited review conclusion is unmodified; the prior-year comparatives were management-furnished and not reviewed.
- Share capital rose with the fresh issue, and total equity stands at 45,678.44 (Rs. lakh) as at September 30, 2026 against 18,218.20 as at March 31, 2026.
Also from Armee Infotech
Monitoring Agency Report: no deviation in use of Rs. 300.00 crore public issue proceeds
5 Nov 2026
Monitoring agency reports no deviation in use of public issue proceeds
5 Nov 2026
Prior intimation: board meeting on 5 November 2026 to consider September quarter results
2 Nov 2026
More numbers
- Revenue from operations, consolidated half year (Rs. lakh)34,905.59
- IPO fresh issue shares80,00,000
- IPO issue price per shareRs. 375
- IPO fresh issue amount (Rs. lakh)30,000 lakhs
- Total income, latest quarter7,360.65 (₹ in Lakhs)
- Total income, year-ago quarter10,891.38 (₹ in Lakhs)
- Total income, previous quarter27,611.85 (₹ in Lakhs)
- Total comprehensive income, latest quarter(211.81) (₹ in Lakhs)
- Total comprehensive income, year-ago quarter120.19 (₹ in Lakhs)
- Total comprehensive income, previous quarter179.90 (₹ in Lakhs)
- Profit after tax, latest quarter(210.20) (₹ in Lakhs)
- Profit after tax, year-ago quarter123.47 (₹ in Lakhs)
- Profit after tax, previous quarter181.52 (₹ in Lakhs)
- Revenue from operations, latest quarter7,326.21 (₹ in Lakhs)
- Revenue from operations, year-ago quarter10,451.07 (₹ in Lakhs)
- Revenue from operations, previous quarter27,579.38 (₹ in Lakhs)
- Profit before tax, latest quarter(254.27) (₹ in Lakhs)
- Profit before tax, year-ago quarter162.12 (₹ in Lakhs)
- Profit before tax, previous quarter251.83 (₹ in Lakhs)
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