Board approves unaudited September-quarter results; auditor's limited review conclusion unmodified
Board approved the unaudited results for the quarter and six months ended 30th September, 2026 — already reviewed by the Audit Committee — and authorised Mr. Sunil Adukia to sign them.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 5.00 | — | — | — | — |
| Total income | 5.00 | 25.04 | −80% | — | — |
| Profit before tax | (6.85) | 22.51 | — | (9.60) | +28.6% |
| Profit after tax | (6.85) | 16.64 | — | (9.60) | +28.6% |
| Total comprehensive income | (6.85) | 16.64 | — | (9.60) | +28.6% |
| Basic EPS | (2.85) | 6.93 | — | (4.00) | +28.7% |
- Total income (latest)
- 5.00 Lakhs vs Year ago 25.04 (−80%)
- Profit after tax (latest)
- (6.85) Lakhs vs Year ago 16.64
- Profit after tax (QoQ)
- (6.85) vs Prev qtr (9.60) (+28.6%)
- Period
- 3 months ended Sep 30,2026
Auditor's review
Conclusion: Unmodified
Notes to the results
- The Company's business activity falls under one business segment (Real Estate) in India; no separate reportable segment under Ind AS 108.
- Statement of new business for quarter ended Sep 30, 2026 (₹ In Lakhs): Income 5.00, Expense 11.85, Profit before tax (6.85), Net Profit after tax (6.85).
Board meeting outcome
- The Board met on 21st October, 2026 from 3.10 p.m. to 3.40 p.m.
- It approved the unaudited financial results for the quarter and six months ended 30th September, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors.
- Mr. Sunil Adukia, Non-Executive Director, was authorised to sign the results.
- A certification under Regulation 33(2)(a) was signed by CFO Vinod Gadaiya and Director Sunil Adukia, stating the statements do not contain any false or misleading statement or omit any material fact.
Auditor's review conclusion
K K Birla & Co., Chartered Accountants, issued a limited review report on the standalone interim results. The conclusion is unmodified: nothing came to their attention that causes them to believe the statement contains a material misstatement or fails to disclose what Regulation 33 requires. A review is limited to inquiries and analytical procedures and gives less assurance than an audit.
How the quarter looks (standalone, Rs. in lakhs)
- Total income: 5.00 for the quarter ended 30/09/2026, against 25.04 in the quarter ended 30/09/2025.
- Revenue from operations: 5.00 for the quarter; the year-ago quarter's income of 25.04 was shown as Other Income.
- Total expenses: 11.85, against 2.53 a year earlier, made up of Depreciation and amortisation expense of 7.49 and Other Expenses of 4.36.
- Profit before tax: (6.85), against 22.51 a year earlier.
- Net Profit after tax: (6.85), against 16.64 a year earlier.
- Basic and diluted EPS: (2.85) for the quarter, against 6.93 a year earlier.
Six-month picture (Rs. in lakhs)
- Total income: 5.00 for the period ended 30/09/2026, against 50.39 for the period ended 30/09/2025.
- Net Profit after tax: (16.45), against 32.08.
- Basic and diluted EPS: (6.85), against 13.37.
A separate note in the update shows income and expenses of new business for the quarter: Income 5.00, Expense 11.85, Profit before tax (6.85), Net Profit after tax (6.85).
Balance sheet (Rs. in lakhs)
- Total assets: 64,300.05 as at 30/09/2026, against 64,319.43 as at 31/03/2026.
- Investments: 62,500.00, unchanged — the bulk of the asset base.
- Cash and cash equivalents: 3.98, against 9.92 at the start of the year.
- Total current liabilities: 0.59, against 1.12.
- Paid up equity share capital: 24.00, face value Rs. 10 per share.
Cash flow, year to date (Rs. in lakhs)
- Net cash from operating activities: (3.54).
- Dividend paid: (2.40).
- Net decrease in cash and cash equivalents: (5.94); closing cash 3.98.
Segment
The company states its business falls under one business segment, Real Estate, concentrated in India, so there is no separate reportable segment under Ind AS 108.
What a retail reader can take away
The headline event is a routine quarterly disclosure: results approved, and the auditors' review conclusion is unmodified. The quarter itself shows a small top line of 5.00 lakhs with expenses of 11.85 lakhs, producing a net loss of (6.85) lakhs, while the year-ago quarter had income from other sources and a net profit. All figures quoted above are standalone and in Rs. in lakhs as printed in the statement.
Also from E & E Enterprises
Board meeting on 21 October 2026 to consider and approve unaudited results for the September quarter
16 Oct 2026
More numbers
- Total expenses, quarter ended 30/09/2026 (Rs. in lakhs)11.85
- Net Profit after tax, six months ended 30/09/2026 (Rs. in lakhs)(16.45)
- Total assets as at 30/09/2026 (Rs. in lakhs)64,300.05
- Investments as at 30/09/2026 (Rs. in lakhs)62,500.00
- Total income, latest quarter5.00 (₹ In Lakhs)
- Total income, year-ago quarter25.04 (₹ In Lakhs)
- Total comprehensive income, latest quarter(6.85) (₹ In Lakhs)
- Total comprehensive income, year-ago quarter16.64 (₹ In Lakhs)
- Total comprehensive income, previous quarter(9.60) (₹ In Lakhs)
- Profit after tax, latest quarter(6.85) (₹ In Lakhs)
- Profit after tax, year-ago quarter16.64 (₹ In Lakhs)
- Profit after tax, previous quarter(9.60) (₹ In Lakhs)
- Revenue from operations, latest quarter5.00 (₹ In Lakhs)
- Profit before tax, latest quarter(6.85) (₹ In Lakhs)
- Profit before tax, year-ago quarter22.51 (₹ In Lakhs)
- Profit before tax, previous quarter(9.60) (₹ In Lakhs)
- Total income, previous quarter-
- Revenue from operations, year-ago quarter-
- Revenue from operations, previous quarter-
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