ATV Projects India500028Quarterly results

Board approves unaudited September quarter results; land sale income booked as exceptional item

Board meeting on 27.10.2026 approved the unaudited standalone results for the quarter and half year ended 30.09.2026.

By ScoutQuest · Tue 27 Oct 2026, 2:15 PM IST · 2 min read

Revenue from operations (Q2, standalone): Rs. 1,599.53 lakh
Profit for the period (standalone): Rs. 619.53 lakh
Exceptional items: Rs. 407.31 lakh

Results on the table

The board approved and took on record the unaudited financial results for the quarter and half year ended 30 September 2026, along with the Limited Review Report, the statement of assets and liabilities and the cash flow statement. The figures are standalone and are presented in Rs. In Lakhs.

Auditor's conclusion

R H A D & Co., Chartered Accountants, reviewed the statement under the Standard on Review Engagements (SRE) 2410. Their conclusion: nothing has come to their attention that causes them to believe the statement has not disclosed the information required to be disclosed, including the manner of disclosure, or that it contains any material misstatement. The report notes this is a review and not an audit, so it gives less assurance than an audit opinion.

What the numbers say

'Revenue from operations' for the September quarter: Rs. 1,599.53 lakh (standalone).
'Exceptional items': Rs. 407.31 lakh. Note 2 explains that during the quarter the company executed sale deeds of land under the consortium MOU with Shri Vrinda Infracom Pvt Ltd and that the income from it is shown under this head.
'Profit for the period': Rs. 619.53 lakh for the quarter and Rs. 822.84 lakh for the half year.
Basic earnings per share: Rs. 1.17 for the quarter.
No income tax provision has been made in view of carried forward losses and unabsorbed depreciation.

Other board decisions

Related party transactions for the half year ended 30 September 2026 approved and taken on record.
In-principle omnibus approval granted for transactions in future with related parties.
Remuneration of statutory auditors fixed for the financial year 2026-2027.
CSR expenditure for 2026-2027 taken note of, and a decision taken on spending of CSR expenditure on CSR activity for that year.
Subsequent development in the consortium MOU between Shri Vrinda and the company taken note of, along with the sale deeds executed under it covering 875.86 sq. Yard and the income therefrom.

Tax update

A GST demand of Rs. 21.59 crores on account of sale/transfer of lease hold premises (MIDC office) has been decided in the company's favour: the appeal shared by the company was allowed by the Deputy Commissioner (A) by order dated 17.07.2026.
The order has also allowed refund of a pre-deposit of Rs. 72.43 lacs.

How a retail reader can frame it

The quarter's profit is supported by land sale income booked as an exceptional item, so the line that reflects the core business is 'Revenue from operations' rather than the bottom line alone. Alongside the results, the board handled the half-year related party transactions, auditor remuneration and CSR spending, and the company reported a favourable outcome on its GST appeal.

Also from ATV Projects India