Facor Alloys532656Quarterly results
Q2/H1 FY27 results approved; standalone review conclusion unmodified, none on consolidated
Facor Alloys' board met on 30 October 2026 and approved the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 54.18 | 101.64 | −46.7% | 28.76 | +88.4% |
| Total income | 72.34 | 110.77 | −34.7% | 62.60 | +15.6% |
| Profit before tax | (362.93) | (464.33) | +21.8% | 2,945.74 | — |
| Profit after tax | (349.31) | (367.08) | +4.8% | 2,206.13 | — |
| Total comprehensive income | (335.04) | (387.31) | +13.5% | 2,220.39 | — |
| Basic EPS | (0.18) | (0.19) | +5.3% | 1.13 | — |
- Total income - YoY change
- −34.7%
- Period
- 30TH SEPTEMBER, 2026
Auditor's review
Conclusion: Disclaimer of conclusion
- Financial results of the Group's foreign subsidiary for the quarter ended 30 September 2026 were not made available and not included in the consolidated results; its assets, revenues, profit/loss are not ascertainable.
- Due to significance of this matter, auditor could not obtain sufficient appropriate evidence and does not express a review conclusion on the consolidated Statement.
Notes to the results
- Consolidated results for quarter ended 30th September 2026 exclude the overseas subsidiary, as new management could not obtain complete and reliable financial information; complaint shared with EOW, Delhi Police.
- Assets with carrying amount of Rs. 406.73 lakhs were classified held for sale; Rs. 381.50 lakhs sold in Q1 FY 2026-27 with profit recognised; Rs. 25.22 lakhs reclassified to Property, Plant and Equipment.
- Plant operations shut down since October 31, 2023, causing minimal revenue; most plant and machinery sold; work order issued for railway sidings/goods terminal under PM Gatishakti Policy.
- Exceptional item: profit/(loss) on sale/discard of fixed assets of (0.09) lakhs in Q2 FY27 versus 3,191.19 lakhs in Q1 FY27.
What was approved
Facor Alloys Ltd's board met on 30 October 2026 and considered and approved the unaudited financial results, standalone and consolidated, for the quarter and half year ended 30 September 2026. The statutory auditors, K.K. Mankeshwar & Co., issued limited review reports on both statements.
The auditor's review
- Standalone: the review conclusion is unmodified. The auditor states that nothing came to their attention that causes them to believe the statement is materially misstated or has not disclosed what the listing regulations require.
- Consolidated: the auditor was unable to complete the review and does not express a review conclusion, because the financial results of the Group's foreign subsidiary for the quarter were not made available.
- The consolidated statement includes one subsidiary, FAL Power Ventures Pvt. Ltd. (formerly BEC Power Pvt. Ltd.), a wholly owned Indian company whose unaudited interim results show total assets of Rs. 47.95 lakhs.
Key numbers
- Standalone Revenue from operations for the quarter: Rs. 54.18 lakhs.
- Standalone Net Profit/(Loss) for the period: (348.29) lakhs — a loss.
- Consolidated Net Profit/(Loss) for the period: (348.31) lakhs.
- Consolidated Total Assets as at 30 September 2026: 19,451.39 lakhs.
Plant shutdown and asset sale
- Plant operations have been shut with effect from 31 October 2023, which the notes say has caused minimal revenue during the quarter and year.
- Shareholders approved, by postal ballot on 10 July 2025, the sale of certain plant and machinery; assets with a carrying amount of Rs. 406.73 lakhs were classified as held for sale.
- Of these, assets with a carrying amount of Rs. 381.50 lakhs were sold in the first quarter of FY 2026-27, and the resulting profit on sale was recognised in the Statement of Profit and Loss.
- The remaining assets, carrying amount Rs. 25.22 lakhs, were reclassified to the appropriate class of Property, Plant and Equipment.
- The company has issued a work order for upgradation of its Private Railway Sidings and Goods Handling Terminal under the PM GatiShakti Policy; Phase I work has begun and management says it is actively pursuing implementation.
Overseas subsidiary and the EOW complaint
- Note 5 to the consolidated results records a change in management during FY 2024-25. The new management was unable to obtain complete and reliable financial information on the overseas subsidiary, and therefore presented the consolidated results excluding it.
- The company has shared a formal complaint with the Economic Offences Wing (EOW). The CIM directed the EOW, Dadra Police, to submit an action taken report on the preliminary investigation done pursuant to the company's complaint; the report was shared and the matter is listed for further hearing.
Points to note
- Two signals sit side by side: an unmodified review conclusion on the standalone accounts, and no review conclusion at all on the consolidated accounts.
- Both statements show a net loss for the quarter, on very small revenue.
- The operating plant has been closed since October 2023; the visible activity is asset monetisation and the PM GatiShakti-linked railway siding and goods handling project.
Rs. 406.73 lakhsAssets classified as held for sale (carrying amount
Assets sold in first quarter of (carrying amountRs. 381.50 lakhs
Remaining assets reclassified to Property, Plant and EquipmentRs. 25.22 lakhs
Also from Facor Alloys
Board meeting on 30 October 2026 to consider unaudited results for the quarter and half year ended 30 September 2026
24 Oct 2026
More numbers
- Standalone Revenue from operations, quarter ended 30 Sept 202654.18 (₹ in Lakhs)
- Standalone Net Profit/(Loss) for the period, quarter ended 30 Sept 2026(348.29) (₹ in Lakhs)
- Consolidated Net Profit/(Loss) for the period, quarter ended 30 Sept 2026(348.31) (₹ in Lakhs)
- Consolidated Total Assets as at 30 September 202619,451.39 (₹ in Lakhs)
- Assets classified as held for sale (carrying amount)Rs. 406.73 lakhs
- Assets sold in first quarter of FY 2026-27 (carrying amount)Rs. 381.50 lakhs
- Remaining assets reclassified to Property, Plant and EquipmentRs. 25.22 lakhs
- Total assets of subsidiary FAL Power Ventures Pvt. Ltd.₹47.95 lakhs
- Total income, latest quarter72.34 (in Lakhs)
- Total income, year-ago quarter110.77 (in Lakhs)
- Total income, previous quarter62.60 (in Lakhs)
- Total comprehensive income, latest quarter(335.04) (in Lakhs)
- Total comprehensive income, year-ago quarter(387.31) (in Lakhs)
- Total comprehensive income, previous quarter2,220.39 (in Lakhs)
- Profit after tax, latest quarter(349.31) (in Lakhs)
- Profit after tax, year-ago quarter(367.08) (in Lakhs)
- Profit after tax, previous quarter2,206.13 (in Lakhs)
- Revenue from operations, latest quarter54.18 (in Lakhs)
- Revenue from operations, year-ago quarter101.64 (in Lakhs)
- Revenue from operations, previous quarter28.76 (in Lakhs)
- Profit before tax, latest quarter(362.93) (in Lakhs)
- Profit before tax, year-ago quarter(464.33) (in Lakhs)
- Profit before tax, previous quarter2,945.74 (in Lakhs)
Source: BSE · 30 Oct 2026
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