Board approves Q2 and H1 FY2026 results; auditor's limited review conclusion unmodified
Board approved limited reviewed unaudited standalone and consolidated results for Q2/H1 ended 30 Sep 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 6,431.99 | 4,779.33 | +34.6% | 6,518.19 | −1.3% |
| Total income | 6,464.60 | 4,865.59 | +32.9% | 6,572.35 | −1.6% |
| Profit before tax | 472.62 | 414.59 | +14% | 392.29 | +20.5% |
| Profit after tax | 349.22 | 318.28 | +9.7% | 289.71 | +20.5% |
| Total comprehensive income | 350.68 | 319.68 | +9.7% | 290.21 | +20.8% |
| Basic EPS | 5.57 | 5.09 | +9.4% | 4.63 | +20.3% |
- Total income - YoY change
- +32.9%
- Period
- Quarter Ended 30-Sep-26
Auditor's review
Conclusion: Unmodified
- Other matter: results include four subsidiaries not reviewed by their auditors (total assets Rs. 109.21 crores; Q2 revenue Rs. 21.89 crores), stated as not material; conclusion not modified.
Notes to the results
- Incremental liability of Rs. 45.03 crores under the New Labour Codes was recognised as an Exceptional Item in financial year 2025-26.
- Other income for the quarter and half year ended September 30, 2025 includes a one-time gain of Rs. 45.27 crores on sale of land and building of Faridabad facility.
- Other income for the year ended March 31, 2026 includes a fair value gain of Rs 282.74 crores on investment.
The Board of Directors approved the limited reviewed, unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026 at its meeting on 22 October 2026.
What the auditor said
Price Waterhouse & Co Chartered Accountants LLP reviewed both statements. Its conclusion is unmodified: nothing has come to its attention that causes it to believe the statements are not prepared in accordance with the applicable accounting standards, or that they contain any material misstatement. The consolidated review report also records that the interim financial information of four subsidiaries was not reviewed by their auditors, and states that the conclusion is not modified in respect of that matter.
Quarter in numbers (consolidated, Rs in crore)
- Revenue from operations: 6,431.99, against 4,779.32 in the same quarter a year earlier.
- Profit for the period: 349.22, against 319.18 a year earlier.
Standalone highlights
- Profit for the period for the quarter: 352.63.
- Basic EPS: 5.62 per share, not annualised, on shares of face value Re. 1 each.
Points that shape the comparison
- Other income in the year-earlier quarter included a one-time gain of Rs. 45.27 crores on sale of land and building of the Faridabad facility.
- An incremental employee benefit liability of Rs. 45.03 crores, following the New Labour Codes notified in November 2025, was recognised as an "Exceptional item" in financial year 2025-26.
- The company has introduced a new reporting segment, Renewables, from 1 April 2026, and has reclassified the Water Purifier and Personal Grooming businesses into Electrical Consumer Durables; segment figures for earlier periods have been reclassified accordingly.
Segments at a glance
- Cables is the largest revenue contributor for the quarter.
- The Lloyd Consumer segment shows a segment loss for the quarter in both the standalone and consolidated statements.
- Renewables appears as a separate reporting segment for the first time, with the segment note explaining the reclassification.
What this means for a reader
The update is the company's quarterly results disclosure. The substance is the growth in consolidated revenue and profit, the unmodified limited review conclusion, and the fact that the year-earlier quarter carried a one-time land sale gain that makes the base period look stronger. The newly carved-out Renewables segment and the labour-code related exceptional item are the two structural changes to note when tracking future quarters.
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More numbers
- Consolidated Revenue from operations, Q2 FY266,431.99 (Rs in crores)
- Consolidated Revenue from operations, Q2 FY254,779.32 (Rs in crores)
- Consolidated Profit for the period, Q2 FY26349.22 (Rs in crores)
- Consolidated Profit for the period, Q2 FY25319.18 (Rs in crores)
- Standalone Profit for the period, Q2 FY26352.63 (Rs in crores)
- Standalone Basic EPS, Q2 FY26 (not annualised)5.62
- One-time gain in Other income, Q2 FY25Rs. 45.27 crores
- Incremental liability recognised as Exceptional itemRs. 45.03 crores
- Total income, latest quarter6,464.60 (Rs in crores)
- Total income, year-ago quarter4,865.59 (Rs in crores)
- Total income, previous quarter6,572.35 (Rs in crores)
- Total comprehensive income, latest quarter350.68 (Rs in crores)
- Total comprehensive income, year-ago quarter319.68 (Rs in crores)
- Total comprehensive income, previous quarter290.21 (Rs in crores)
- Profit after tax, latest quarter349.22 (Rs in crores)
- Profit after tax, year-ago quarter318.28 (Rs in crores)
- Profit after tax, previous quarter289.71 (Rs in crores)
- Revenue from operations, latest quarter6,431.99 (Rs in crores)
- Revenue from operations, year-ago quarter4,779.33 (Rs in crores)
- Revenue from operations, previous quarter6,518.19 (Rs in crores)
- Profit before tax, latest quarter472.62 (Rs in crores)
- Profit before tax, year-ago quarter414.59 (Rs in crores)
- Profit before tax, previous quarter392.29 (Rs in crores)
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