Asit C Mehta Financial Services530723Quarterly results
Board approves unaudited Q2 and H1 results; auditor's Emphasis of Matter on ₹659 lakhs slump sale
Board meeting on November 03, 2026 approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,919.25 | 2,167.04 | −11.4% | 1,124.20 | +70.7% |
| Total income | 2,017.95 | 2,294.03 | −12% | 1,239.42 | +62.8% |
| Profit before tax | 77.61 | 154.35 | −49.7% | 496.90 | −84.4% |
| Profit after tax | (26.97) | 156.81 | — | 485.13 | — |
| Total comprehensive income | (42.88) | (46.44) | +7.7% | 506.76 | — |
| Basic EPS | (0.33) | 1.90 | — | 5.88 | — |
- Total income year ago
- 2,294.03 (−12%)
- Period
- Quarter ended 30.09.2026
Auditor's review
Conclusion: Unmodified
- Emphasis of matter: Note 4 describes transfer of the Mutual Fund Distribution Business by a material subsidiary via slump sale in H1 ended Sept 30, 2026 for ₹659 lakhs, resulting in an exceptional profit.
Notes to the results
- Exceptional items (Refer Note No. 4) of 659.00 (₹ in Lakhs) recognised in the quarter ended 30.06.2026, from slump sale of a subsidiary's Mutual Fund Distribution Business.
What the board approved
- The unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, together with the limited review reports.
- An extract of the unaudited results will be published by the company.
- The meeting ran from 3:17 P.M. to 3:38 P.M. (IST).
How the standalone numbers look (₹ in Lakhs)
- Revenue from Operations: 118.32 for the quarter, against 122.79 a year earlier; 236.63 for the half year, against 245.56.
- Total Income: 159.54 for the quarter (202.05 earlier); 319.09 for the half year (437.67 earlier).
- Total Expenses: 204.64 for the quarter (269.65 earlier); 487.76 for the half year (516.81 earlier).
- Profit / (Loss) After Tax: (105.10) for the quarter, against (67.60) a year earlier; (168.67) for the half year, against (79.14).
- Basic and Diluted Earnings Per Share: (1.27) for the quarter and (2.05) for the half year, on a face value of ₹10 per share.
- Finance Cost, the largest cost line, was 174.02 for the quarter and 317.37 for the half year.
Balance sheet and cash picture (standalone, ₹ in Lakhs)
- Total Assets 13,076.00 as on September 30, 2026, against 13,172.90 as on March 31, 2026.
- Borrowings: non-current 2,945.88 and current 4,726.28.
- Total Equity 5,216.90 against 5,385.65.
- Net cash flow from operating activity 52.23 for the half year, against 128.89 earlier; net decrease in cash and cash equivalents (20.83).
What the auditor said
The review was done under SRE 2410, which gives moderate assurance and is not an audit opinion. The conclusion states that nothing came to attention causing belief that the statements are non-compliant or contain a material misstatement, and the conclusion is not modified for the standalone and consolidated results.
The Emphasis of Matter, in simple words
- One of the group's material subsidiaries transferred its Mutual Fund Distribution Business through a slump sale during the half year ended September 30, 2026.
- Consideration for the transfer: ₹659 lakhs.
- The transaction produced an exceptional profit in the consolidated results.
- The same matter is also an Emphasis of Matter in the review report on that subsidiary's standalone results.
Group structure mentioned in the review report
- The consolidated statement covers the parent plus subsidiaries Asit C Mehta Investment Intermediates Limited and Edgytal Fintech Investment Services Private Limited.
Points a retail reader may want to track
- The standalone result is a loss at the 'Profit / (Loss) After Tax' line for both the quarter and the half year, with Total Expenses (204.64) exceeding Total Income (159.54) in the quarter.
- Finance Cost is the single largest expense line in the quarter at 174.02 lakh.
- The exceptional profit from the slump sale sits in the consolidated results, so it is a one-time item rather than recurring operating income.
₹659 lakhsConsideration for slump sale of Mutual Fund Distribution Business
Profit before tax, quarter496.90 (₹ in Lakhs)
Profit after tax, year-ago quarter156.81 (₹ in Lakhs)
Also from Asit C Mehta Financial Services
Board Meeting on November 03, 2026 to Approve Unaudited Q2 and Half-Year Results
27 Oct 2026
More numbers
- Revenue from Operations, standalone, quarter ended 30.09.2026118.32 (₹ in Lakhs)
- Total Income, standalone, quarter ended 30.09.2026159.54 (₹ in Lakhs)
- Total Expenses, standalone, quarter ended 30.09.2026204.64 (₹ in Lakhs)
- Profit / (Loss) After Tax, standalone, quarter ended 30.09.2026(105.10) (₹ in Lakhs)
- Profit / (Loss) After Tax, standalone, half year ended 30.09.2026(168.67) (₹ in Lakhs)
- Total Income, standalone, half year ended 30.09.2026319.09 (₹ in Lakhs)
- Basic Earnings Per Share, standalone, half year ended 30.09.2026(2.05)
- Consideration for slump sale of Mutual Fund Distribution Business₹659 lakhs
- Total income, latest quarter2,017.95 (₹ in Lakhs)
- Total income, year-ago quarter2,294.03 (₹ in Lakhs)
- Total income, previous quarter1,239.42 (₹ in Lakhs)
- Total comprehensive income, latest quarter(42.88) (₹ in Lakhs)
- Total comprehensive income, year-ago quarter(46.44) (₹ in Lakhs)
- Total comprehensive income, previous quarter506.76 (₹ in Lakhs)
- Profit after tax, latest quarter(26.97) (₹ in Lakhs)
- Profit after tax, year-ago quarter156.81 (₹ in Lakhs)
- Profit after tax, previous quarter485.13 (₹ in Lakhs)
- Revenue from operations, latest quarter1,919.25 (₹ in Lakhs)
- Revenue from operations, year-ago quarter2,167.04 (₹ in Lakhs)
- Revenue from operations, previous quarter1,124.20 (₹ in Lakhs)
- Profit before tax, latest quarter77.61 (₹ in Lakhs)
- Profit before tax, year-ago quarter154.35 (₹ in Lakhs)
- Profit before tax, previous quarter496.90 (₹ in Lakhs)
Source: BSE · 3 Nov 2026
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