ASM Technologies526433Quarterly results
Second interim dividend of Rs. 6/- per share declared; auditor's limited review conclusion unmodified
Board took on record the unaudited standalone and consolidated results for the quarter and period ended 30 September 2026, along with the auditor's limited review report.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Total income | 2,690.09 | 1,557.39 | +72.7% | 2,008.45 | +33.9% |
| Profit after tax | 344.84 | 191.20 | +80.4% | 268.17 | +28.6% |
| Total comprehensive income | 362.72 | 154.10 | +135% | 266.51 | +36.1% |
- Total Income (Latest)
- 2,690.09 million; Year ago 1,557.39 (+72.7%); Prev qtr 2,008.45 (+33.9%)
- Profit After Tax (Latest)
- 344.84 million; Year ago 191.20 (+80.4%); Prev qtr 268.17 (+28.6%)
- Period
- Quarter ended 30-09-2026
Also decided at the meeting
- Declared Second Interim Dividend of Rs. 6/- per equity share (60% on face value of Rs. 10/-) for FY 2025-26, payable on or before 5th December 2026; record date 16th November 2026.
Auditor's review
Conclusion: Unmodified
- Emphasis of Matter: Note 7 - investments in Eclectic IQ and Lavelle Networks at cost Rs. 8.03 million and Rs. 55.00 million; formal valuation not obtained.
- Emphasis of Matter: Note 8 - new ERP system TCS iON undergoing stabilisation; system bugs and deficiencies being addressed.
- Other matter: three foreign subsidiaries not reviewed; revenues Rs.47.72 million, net loss Rs.10.32 million for half year, based on management certification.
Notes to the results
- Note 7: investments in Eclectic IQ (cost Rs 8.03 mn, fair value Rs 12.65 mn) and Lavelle Networks (cost Rs 55 mn, fair value Rs 64.25 mn); formal valuation pending.
- Note 8: new ERP system TCS iON implemented and under stabilisation; unrectified errors not expected to be material.
The board met on 7 November 2026, starting at 9.00 am and concluding at 4.55 pm.
What the board decided
- Took on record the unaudited standalone and consolidated financial results for the quarter and period ended 30 September 2026, along with the limited review report of the auditors, B.K. Ramadhyani & Co LLP, whose review followed the Standard on Review Engagement 2410.
- Declared a Second Interim Dividend of Rs. 6/- per equity share, which works out to 60% on the face value of Rs. 10/- per share, for the financial year 2025-2026.
- The record date for the dividend is Monday 16 November 2026, and the dividend will be paid on or before 5 December 2026.
What the auditor concluded
- A limited review is narrower in scope than a full audit, and the auditor states that it does not express an audit opinion.
- Nothing came to the auditor's attention that causes it to believe the statements contain a material misstatement or fail the required disclosures.
- The auditor states that it has not modified its opinion in respect of the matters it highlighted.
Two matters the auditor drew attention to
- Investments: the company's non-current investments in Eclectic IQ (formerly Polylylogx) and Lavel NetWorks Private Limited are carried at a cost of Rs. 8.03 million and Rs. 55.00 million, against disclosed fair values of Rs. 12.65 million and Rs. 64.25 million. Valuation reports are still being obtained; management says certain restrictions prevent access to the cash flow data needed for a formal valuation, but that recent and expected investments in these entities point to a substantial increase in value and no impairment.
- New ERP system: the TCS iON system is still undergoing stabilisation. Bugs and process deficiencies were identified in areas including opening balances, inventory valuation, amortisation of prepaid expenses, ageing of debtors and creditors, the fixed asset register and unbilled receivables. Rectifications were carried out outside the ERP system, in some cases using management estimates, and management does not expect the remaining unrectified errors to have a material impact on the financial results.
Scope of the review
- Three foreign subsidiaries were not reviewed by the auditor. Their total revenues of Rs.47.72 million and net loss of Rs.10.32 million for the half year ended 30 September 2026 rest on management certification.
- Goodwill of the new subsidiary, Asmaitha Wireless Technologies Private Limited, has been assessed on unaudited financial statements certified by management.
What a retail shareholder may take away
- The dividend amount, record date and payment timeline are the concrete dates to note.
- The numbers are unaudited and only reviewed, which carries a lower level of assurance than audited annual accounts.
- The highlighted items are disclosures on how the numbers were arrived at; the auditor's conclusion itself was not modified.
2,690.09 (Rs. in million)Total income, latest quarter
Total income, year-ago quarter1,557.39 (Rs. in million)
Total comprehensive income, latest quarter362.72 (Rs. in million)
Profit after tax, latest quarter344.84 (Rs. in million)
Total comprehensive income, quarter266.51 (Rs. in million)
Total comprehensive income, year-ago quarter154.10 (Rs. in million)
60%Dividend as percentage of face value
Also from ASM Technologies
Second interim dividend of Rs. 6 per equity share; record date 16th November 2026
7 Nov 2026
Board meeting on 7 November 2026 to consider Q2 results and interim dividend, if any
3 Nov 2026
ASM Technologies Ltd shareholder buys 5.2501% stake, holding rises to 5.2501%
23 Oct 2026
More numbers
- Second interim dividend per equity shareRs. 6/-
- Dividend as percentage of face value60%
- Cost of investment in Eclectic IQRs. 8.03 million
- Cost of investment in Lavel NetWorksRs. 55.00 million
- Disclosed fair value of Eclectic IQ investmentRs. 12.65 million
- Disclosed fair value of Lavel NetWorks investmentRs. 64.25 million
- Total revenues of unreviewed foreign subsidiariesRs.47.72 million
- Net loss of unreviewed foreign subsidiariesRs.10.32 million
- Total income, latest quarter2,690.09 (Rs. in million)
- Total income, year-ago quarter1,557.39 (Rs. in million)
- Total income, previous quarter2,008.45 (Rs. in million)
- Total comprehensive income, latest quarter362.72 (Rs. in million)
- Total comprehensive income, year-ago quarter154.10 (Rs. in million)
- Total comprehensive income, previous quarter266.51 (Rs. in million)
- Profit after tax, latest quarter344.84 (Rs. in million)
- Profit after tax, year-ago quarter191.20 (Rs. in million)
- Profit after tax, previous quarter268.17 (Rs. in million)
- Revenue from operations, latest quarter2,683.69
- Revenue from operations, year-ago quarter1,544.60
- Revenue from operations, previous quarter1,988.16
- Profit before tax, latest quarter482.87
- Profit before tax, year-ago quarter263.65
- Profit before tax, previous quarter389.99
- Basic EPS, latest quarter23.64
- Basic EPS, year-ago quarter13.09
- Basic EPS, previous quarter18.39
Source: BSE · 7 Nov 2026
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