Golden Legand Leasing & finance509024Quarterly results
Board approves Q2/H1 FY27 results; auditors flag qualified conclusion
Board meeting of October 21, 2026 approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 704.62 | 7,670.35 | −90.8% | 921.36 | −23.5% |
| Total income | 704.97 | 7,670.35 | −90.8% | 921.36 | −23.5% |
| Profit before tax | (144.36) | 1,188.71 | — | 78.04 | — |
| Profit after tax | 17.08 | 837.26 | −98% | 54.89 | −68.9% |
| Total comprehensive income | 17.08 | 837.26 | −98% | 54.89 | −68.9% |
| Basic EPS | 0.11 | 5.63 | −98% | 0.37 | −70.3% |
- Total income YoY change
- 7,670.35 (−90.8%)
- Profit after tax YoY change
- 17.08 vs 837.26 (−98%)
- Period
- Quarter Ended 30-09-2026
Also decided at the meeting
- Board approved investment of up to ₹500.00 lakhs in equity of wholly owned subsidiary Gullakkart Private Limited; ₹5.00 lakhs remitted as share application money, balance ₹495.00 lakhs in tranches.
Auditor's review
Conclusion: Qualified
- Suspicious sub-merchant transactions of Rs. 10,500.00 lakhs, reduced to Rs. 7,681.09 lakhs; bank account under lien to that extent; matter sub judice; no expense or provision recognised.
- Balances of trade receivables, payables, loans, borrowings and other non-financial assets largely unconfirmed/unreconciled; auditor unable to comment on impact.
- TDS and GST of Rs. 129 Lacs remain outstanding as of September 30, 2026, creating a significant financial obligation.
What the Board approved
- Unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2026, reviewed by the Audit Committee and then approved by the Board at meetings held on October 21, 2026.
- An investment of up to ₹500.00 lakhs in the equity share capital of Gullakkart Private Limited, a wholly owned subsidiary. As at September 30, 2026, ₹5.00 lakhs had been remitted as share application money, with allotment pending completion of statutory formalities; the balance ₹495.00 lakhs is to be remitted in tranches as required by the subsidiary.
- The trading window for dealing in the company's securities by insiders re-opens on Monday, October 26, 2026.
Auditor's review conclusion
The limited review reports on both the consolidated and standalone results carry a qualified conclusion. The reasons given are:
- Suspicious transactions by a sub-merchant aggregating to Rs. 10,500.00 lakhs, subsequently reduced to Rs. 7,681.09 lakhs following voluntary settlement of smaller individual claims, without admission of any wrongdoing or primary liability. The company's bank account continues under lien imposed by investigating authorities to the extent of Rs. 7,681.09 lakhs. The matter is sub judice before the Hon'ble Supreme Court and other competent courts; the company has not recognised any expense or provision, as the eventual outflow remains unascertainable and contingent on the outcome.
- Balances relating to trade receivables, trade payables, loans, borrowings and other non-financial assets are subject to confirmation and reconciliation. Confirmations were obtained from certain parties with no material discrepancies, but confirmations for the majority of balances are pending.
- A material concern on non-payment of statutory dues: as of September 30, 2026, TDS and GST of Rs. 129.00 Lacs remain outstanding, described as creating a significant financial obligation.
The auditors also note that the half-year figures are balancing figures between audited full-year figures and published year-to-date figures, and that these have been reviewed, not audited.
Results in numbers (consolidated, Rs in Lakhs)
- Quarter ended September 30, 2026: Revenue from operations 704.62, Total income 704.97, Total expenses 849.33, Profit (Loss) for the period 17.08, basic and diluted EPS 0.11.
- Half year ended September 30, 2026: Revenue from operations 1,625.97, Total income 1,626.32, Profit (Loss) for the period 71.96, basic and diluted EPS 0.48.
- Year-ago quarter ended September 30, 2025: Revenue from operations 7,670.35, Profit (Loss) for the period 837.26.
Balance sheet snapshot (consolidated, as at September 30, 2026)
- Total assets 11,006.37, against 12,497.15 as at March 31, 2026.
- Cash and cash equivalents 327.08, against 2,581.27.
- Borrowings 661.66, against 143.03.
- Equity share capital 1,487.00; face value of equity shares Rs. 10.00 each.
What a retail investor may want to track
- Progress of the sub judice matter and the continuing lien on the bank account, and whether a provision is recognised in a later period.
- Settlement of the pending confirmations and reconciliation of receivable, payable and borrowing balances.
- Clearing of the outstanding TDS and GST dues of Rs. 129.00 Lacs.
- Deployment of the remaining ₹495.00 lakhs into the wholly owned subsidiary.
Rs. 7,681.09 lakhsAmount voluntary settlement / bank account lien
Total income, year-ago quarter7,670.35 (₹ In Lakhs)
Total comprehensive income, latest quarter17.08 (₹ In Lakhs)
Also from Golden Legand Leasing & finance
Prior intimation: board meeting on October 21, 2026 to consider and approve un-audited results
16 Oct 2026
More numbers
- Investment approved in Gullakkart Private Limited (WOS)₹500.00 lakhs
- Share application money remitted to subsidiary₹5.00 lakhs
- Balance commitment to subsidiary, in tranches₹495.00 lakhs
- Sub-merchant suspicious transactions, originallyRs. 10,500.00 lakhs
- Amount after voluntary settlement / bank account lienRs. 7,681.09 lakhs
- TDS and GST outstanding as at September 30, 2026Rs. 129.00 Lacs
- Total income, latest quarter704.97 (₹ In Lakhs)
- Total income, year-ago quarter7,670.35 (₹ In Lakhs)
- Total income, previous quarter921.36 (₹ In Lakhs)
- Total comprehensive income, latest quarter17.08 (₹ In Lakhs)
- Total comprehensive income, year-ago quarter837.26 (₹ In Lakhs)
- Total comprehensive income, previous quarter54.89 (₹ In Lakhs)
- Profit after tax, latest quarter17.08 (₹ In Lakhs)
- Profit after tax, year-ago quarter837.26 (₹ In Lakhs)
- Profit after tax, previous quarter54.89 (₹ In Lakhs)
- Revenue from operations, latest quarter704.62 (₹ In Lakhs)
- Revenue from operations, year-ago quarter7,670.35 (₹ In Lakhs)
- Revenue from operations, previous quarter921.36 (₹ In Lakhs)
- Profit before tax, latest quarter(144.36) (₹ In Lakhs)
- Profit before tax, year-ago quarter1,188.71 (₹ In Lakhs)
- Profit before tax, previous quarter78.04 (₹ In Lakhs)
Source: BSE · 21 Oct 2026
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