Board approved unaudited Q2 and H1 results; internal auditor LLP conversion and exchange fines noted
Board meeting of 28 Oct 2026 approved unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 17,233.55 | 13,235.64 | +30.2% | 15,683.08 | +9.9% |
| Total income | 17,270.59 | 13,313.27 | +29.7% | 15,729.13 | +9.8% |
| Profit before tax | 885.98 | 331.84 | +167% | 841.20 | +5.3% |
| Profit after tax | 637.64 | 195.89 | +226% | 419.84 | +51.9% |
| Total comprehensive income | 717.43 | (31.27) | — | 517.26 | +38.7% |
| Basic EPS | 11.96 | 3.67 | +226% | 7.87 | +52% |
- PAT growth YoY
- +226%
- Period
- Quarter ended 30-09-2026
Also decided at the meeting
- Noted conversion of Internal Auditors Sharp & Tannan Associates into an LLP (LLPIN: ADC-6382) w.e.f. 24th September, 2026; they continue as Internal Auditors for the remaining tenure.
- Noted SOP fines of ₹10,000/- each levied by BSE and NSE for delayed compliance with Regulation 42; Board directed measures to prevent recurrence.
Auditor's review
Conclusion: Unmodified
Notes to the results
- During the quarter the Company paid dividend of ₹ 3.50 per equity share aggregating to ₹ 186.67 Lakhs for FY 2025-2026, approved at the AGM held on 23rd July, 2026.
- The Company renamed its reportable segment to 'Rubber Recycling' and grouped smaller segments under 'Others'; previous period figures regrouped.
The board met on Wednesday, 28 October 2026 and approved the company's unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026. The statements were reviewed by the statutory auditors, Rajendra & Co., Chartered Accountants.
Auditor's conclusion
The auditors carried out a review, which is a lighter exercise than a full audit and does not result in an audit opinion. Their conclusion was unmodified: nothing came to their attention that causes them to believe the statements contain a material misstatement or fail to make the disclosures required under the listing regulations. The standalone and consolidated statements both carry this review conclusion.
Results, standalone
- Revenue from operations was ₹16,699.52 lakh for the quarter ended 30 September 2026 and ₹32,264.53 lakh for the half year.
- Profit for the period was ₹582.19 lakh for the quarter and ₹1,064.22 lakh for the half year.
- Basic earnings per share for the quarter was ₹10.92.
- The reportable segment is 'Rubber Recycling', with smaller businesses grouped under 'Others'.
Other decisions noted
- Internal auditors: M/s. Sharp & Tannan Associates LLP informed the company that the firm has converted from a partnership into a Limited Liability Partnership with effect from 24 September 2026. There is no change in the audit engagement, and the firm continues to act as internal auditor for the remaining part of its tenure.
- Exchange fines: the board noted Standard Operating Procedure fines of ₹10,000 each levied by BSE Limited and National Stock Exchange of India Limited for delayed compliance with Regulation 42 of the SEBI listing regulations. The board said appropriate measures will be implemented to ensure strict adherence to prescribed timelines and to prevent recurrence.
Dividend
During the quarter the company paid a dividend of ₹3.50 per equity share, totalling ₹186.67 Lakhs, for the financial year 2025-2026 as approved by shareholders at the annual general meeting held on 23 July 2026.
What a novice should take away
- A limited review is not a full audit; an unmodified conclusion means the reviewers did not come across anything that looked wrong, not that every number was independently confirmed.
- 'Profit for the period' is after tax and other charges and is not the same as cash generated by the business.
- The fines are small in rupee terms but are a compliance lapse the board has formally acknowledged; the LLP conversion is an administrative change in the internal audit firm, not a change of auditor.
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More numbers
- Revenue from operations, quarter ended 30-09-2026 (standalone)16,699.52 (₹ in Lakhs)
- Profit for the period, quarter ended 30-09-2026 (standalone)582.19 (₹ in Lakhs)
- Revenue from operations, half year ended 30-09-2026 (standalone)32,264.53 (₹ in Lakhs)
- Profit for the period, half year ended 30-09-2026 (standalone)1,064.22 (₹ in Lakhs)
- Basic earnings per share for the quarter10.92
- Dividend per equity share₹ 3.50
- Dividend paid, aggregate₹ 186.67 Lakhs
- SOP fine levied by each exchange₹10,000/-
- Total income, latest quarter17,270.59 (₹ in Lakhs)
- Total income, year-ago quarter13,313.27 (₹ in Lakhs)
- Total income, previous quarter15,729.13 (₹ in Lakhs)
- Total comprehensive income, latest quarter717.43 (₹ in Lakhs)
- Total comprehensive income, year-ago quarter(31.27) (₹ in Lakhs)
- Total comprehensive income, previous quarter517.26 (₹ in Lakhs)
- Profit after tax, latest quarter637.64 (₹ in Lakhs)
- Profit after tax, year-ago quarter195.89 (₹ in Lakhs)
- Profit after tax, previous quarter419.84 (₹ in Lakhs)
- Revenue from operations, latest quarter17,233.55 (₹ in Lakhs)
- Revenue from operations, year-ago quarter13,235.64 (₹ in Lakhs)
- Revenue from operations, previous quarter15,683.08 (₹ in Lakhs)
- Profit before tax, latest quarter885.98 (₹ in Lakhs)
- Profit before tax, year-ago quarter331.84 (₹ in Lakhs)
- Profit before tax, previous quarter841.20 (₹ in Lakhs)
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