Results approved; Srilab's excise renewal fees paid, West Bengal brand registration received
Board meeting on October 17, 2026 approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, with the Limited Review Report.
By ScoutQuest · · 3 min read
- Standalone Total Expenses (Q2 FY26)
- 17.21 (Rs in Lakhs) for the quarter ended 30-Sep-26
- Standalone Profit After Tax (Q2 FY26)
- (17.21) Rs in Lakhs for the quarter ended 30-Sep-26 — brackets as printed, denoting a loss
- Consolidated Profit After Tax (Q2 FY26)
- (92.51) Rs in Lakhs for the quarter ended 30-Sep-26 — brackets as printed, denoting a loss
Board meeting outcome
The Board of Cupid Breweries and Distilleries Ltd met on October 17, 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with the Limited Review Report. The meeting commenced at 6:00 p.m. and concluded at 6:20 p.m. (IST).
Operational update on Srilab Distilleries
The Board discussed and noted that the outstanding excise licence renewal fees, along with applicable fines (delayed penalties) till the current financial year, have been paid by Srilab Distilleries Limited. Srilab is an associate company of Rinpoche Spirits Private Limited, which is a wholly owned subsidiary of the company.
- Srilab has also received approval from the West Bengal State Beverages Corporation for registration of its brands.
- It will proceed with the requisite formalities and applicable label registration processes, and will start its commercial operations.
Results, in the company's own line items (amounts as printed, Rs in Lakhs)
- Standalone total expenses: 17.21 for the quarter ended 30-Sep-26 and 32.15 for the six months ended 30-Sep-26.
- Standalone profit after tax: (17.21) for the quarter and (32.15) for the six months. The brackets are as printed in the update and denote a loss.
- Consolidated total expenses: 92.51 for the quarter and 177.89 for the six months.
- Consolidated profit after tax: (92.51) for the quarter and (177.89) for the six months.
- Revenue from operation is printed as '-' for these periods in both the standalone and consolidated statements, so the reported expense lines are not matched by a revenue figure on these statements.
Auditor's review
- The Limited Review Report is issued by M M R S and Co, Chartered Accountants.
- It states that nothing has come to their attention that causes them to believe the statements have not disclosed the information required, or that they contain any material misstatement.
- A review is substantially less in scope than an audit, and no audit opinion is expressed.
The consolidated statement covers the holding company plus Crochet Industries Private Limited, Rinpoche Spirits Private Limited, and the step down subsidiaries Brewing Wizards Private Limited, Forte Spirits Private Limited, Srilab Alcobev Private Limited and Martin Judds Microbreweries Private Limited.
How to read this
- The update has two parts: a routine results approval for the September quarter and half year, and an operational note on Srilab Distilleries, where excise renewal dues with delayed penalties have been paid and a West Bengal brand registration approval has been received, which the update links to the start of commercial operations there.
- The results as printed show expense lines with the profit after tax line in losses for both the standalone and consolidated statements for the quarter and the six months.
- The auditor's review conclusion records nothing that causes the auditor to believe the statements contain a material misstatement, so the numbers are presented on an unreviewed-adverse basis; a review is narrower than a full audit.
Also from Cupid Breweries And Distilleries
Board meeting on 17 October 2026 to consider September quarter and half-year financial results
14 Oct 2026
Independent Director Ceases on Completion of Tenure
30 Sep 2026
More numbers
- Standalone total expenses, quarter ended 30-Sep-26 (Rs in Lakhs)17.21
- Standalone profit after tax, quarter ended 30-Sep-26(17.21)
- Standalone total expenses, six months ended 30-Sep-2632.15
- Standalone profit after tax, six months ended 30-Sep-26(32.15)
- Consolidated total expenses, quarter ended 30-Sep-2692.51
- Consolidated profit after tax, quarter ended 30-Sep-26(92.51)
- Consolidated total expenses, six months ended 30-Sep-26177.89
- Consolidated profit after tax, six months ended 30-Sep-26(177.89)
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