Board approved unaudited standalone and consolidated results for the quarter and half year ended 30th September 2026
Board meeting on 04.11.2026 considered and approved the unaudited standalone and consolidated results for the quarter and half year ended 30.09.2026 with the auditor's Limited Review Report; also approved alteration/addition of object.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 282.39 | 45.00 | +528% | 44.86 | +529% |
| Total income | 303.06 | 49.61 | +511% | 64.83 | +367% |
| Profit before tax | 242.53 | 35.24 | +588% | 26.74 | +807% |
| Profit after tax | 177.77 | 24.57 | +624% | 19.01 | +835% |
| Total comprehensive income | 177.77 | 24.57 | +624% | 19.01 | +835% |
| Basic EPS | 1.12 | 0.47 | +138% | 0.12 | +833% |
- Total income YoY growth
- +511%
- Period
- Quarter ended 30.09.2026
Also decided at the meeting
- Board approved alteration / addition of object of the Company.
Auditor's review
- Standalone review report (only report attached) is unmodified; emphasis of matter on inherent risks and uncertainty in estimating costs, selling prices and TDR eligibility for TDR inventory.
- Standalone report emphasis of matter: allotment of 2,35,35,491 convertible warrants at Rs. 11/-; 1,29,35,491 warrants pending conversion as of September 30, 2026.
Notes to the results
- Consolidated results include subsidiaries Emrock Energy Private Limited and Emrock Renewable Private Limited, and associate Emrock Signature Hospitality LLP accounted under equity method.
- The Board has not recommended any dividend for the quarter / half year ended September 30, 2026.
Board outcome
The board met on 04.11.2026 and considered and approved the unaudited standalone and consolidated financial results of the company for the quarter and half year ended 30th September 2026, together with the Limited Review Report of the statutory auditors. The same meeting also approved an alteration / addition of object.
Auditor's review
- The review conclusion is unmodified: nothing came to the auditors' attention that causes them to believe the statement is materially misstated or that it does not disclose what the listing regulations require.
- Emphasis of matter: there are inherent risks in estimating the cost to complete each inventory, that is each TDR (Transfer of Development Rights) development project, and the future selling prices of those projects. There is also uncertainty on eligibility to generate TDR. The management obtained an independent valuation of the inventory and, on that basis, considered no provision for diminution necessary.
- A second emphasis of matter describes the preferential allotment of convertible warrants and the conversions carried out since.
Standalone results, half year ended 30th September 2026
- Total Revenue: Rs. 368.67 lakh
- Profit before tax: Rs. 270.13 lakh
- Profit for the period: Rs. 197.64 lakh
Capital and warrants
- 2,35,35,491 convertible warrants were allotted on a preferential basis, each convertible into one fully paid-up equity share.
- After conversions carried out in December 2025, the issued, subscribed and paid-up equity share capital stands at Rs. 15,82,00,000, comprising 1,58,20,000 fully paid-up equity shares.
- 1,29,35,491 warrants remained pending conversion as at 30th September 2026, subject to payment of the balance consideration within the statutory period from the date of allotment.
Balance sheet and dividend
- Borrowings shown under non-current liabilities in the standalone balance sheet: Rs. 1,510.80 lakh.
- The board has not recommended any final dividend for the financial year ended 31st March 2026, and no dividend has been recommended for the quarter and half year ended 30th September 2026.
What a retail investor can take away
This is the standard quarterly board outcome: the results were approved by the board and reviewed by the auditors without a modified conclusion. The emphasis of matter is not a qualification; it signals that a significant part of the business, the TDR inventory, is carried at values that rest on estimates of completion cost, selling price and the ability to generate TDR, and that the auditors relied on an independent valuation obtained by management. The company's operations span real estate and TDR, solar and energy, pharmaceuticals and hospitality, so the consolidated statement pools several businesses. The warrant conversions have enlarged the equity base, and the pending warrants are convertible into equity shares once the balance consideration is paid.
Also from Emrock Corporation
Whole-time director acquires ~18.48 lakh shares, 6.43% of capital, via warrant conversion
4 Nov 2026
Promoter director acquires 17,93,712 shares (6.24%) via warrant conversion
4 Nov 2026
Promoter-MD acquires 17,93,712 shares, 6.24% of capital, via warrant conversion
4 Nov 2026
More numbers
- Total Revenue, standalone, half year ended 30.09.2026368.67
- Profit before tax, standalone, half year ended 30.09.2026270.13
- Profit for the period, standalone, half year ended 30.09.2026197.64
- Paid-up equity share capital after warrant conversionsRs. 15,82,00,000
- Fully paid-up equity shares after conversions1,58,20,000
- Convertible warrants allotted on preferential basis2,35,35,491
- Warrants pending conversion as at 30.09.20261,29,35,491
- Borrowings (non-current), standalone balance sheet1,510.80
- Total income, latest quarter303.06 (Rs. in Lakhs)
- Total income, year-ago quarter49.61 (Rs. in Lakhs)
- Total income, previous quarter64.83 (Rs. in Lakhs)
- Total comprehensive income, latest quarter177.77 (Rs. in Lakhs)
- Total comprehensive income, year-ago quarter24.57 (Rs. in Lakhs)
- Total comprehensive income, previous quarter19.01 (Rs. in Lakhs)
- Profit after tax, latest quarter177.77 (Rs. in Lakhs)
- Profit after tax, year-ago quarter24.57 (Rs. in Lakhs)
- Profit after tax, previous quarter19.01 (Rs. in Lakhs)
- Revenue from operations, latest quarter282.39 (Rs. in Lakhs)
- Revenue from operations, year-ago quarter45.00 (Rs. in Lakhs)
- Revenue from operations, previous quarter44.86 (Rs. in Lakhs)
- Profit before tax, latest quarter242.53 (Rs. in Lakhs)
- Profit before tax, year-ago quarter35.24 (Rs. in Lakhs)
- Profit before tax, previous quarter26.74 (Rs. in Lakhs)
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