Board approves unaudited Q2 and H1 FY27 results; auditor review conclusion unmodified
Board met 04:00-05:10 P.M. IST on November 03, 2026 and approved unaudited consolidated and standalone results for Q2/H1 FY27.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Total income | 816.90 | 746.52 | +9.4% | 769.94 | +6.1% |
| Profit before tax | 117.35 | 94.22 | +24.5% | 120.41 | −2.5% |
| Profit after tax | 100.36 | 85.32 | +17.6% | 103.15 | −2.7% |
| Total comprehensive income | 102.89 | 87.35 | +17.8% | 102.97 | −0.1% |
| Basic EPS | 1.82 | 1.59 | +14.5% | 1.87 | −2.7% |
- Total income
- Latest 816.90; Year ago 746.52 (+9.4%); Prev qtr 769.94 (+6.1%)
- Profit after tax
- Latest 100.36; Year ago 85.32 (+17.6%); Prev qtr 103.15 (−2.7%)
- Units
- figures in Millions
- Period
- Quarter ended 30-Sep-26
Auditor's review
Conclusion: Unmodified
Notes to the results
- Exceptional item: estimated incremental impact of New Labour Codes on gratuity of INR 57.79 million accounted for the year ended 31 March 2026.
- Shareholders at 22nd AGM on 25 September 2026 approved variation in IPO objects; INR 467.60 million unutilised as at 30 September 2026, held in fixed deposits.
- During FY ended 31 March 2026 the Group discontinued business operations of Rich Smile Design LLP; not considered material.
- Scheme of Merger of Bizdent Devices Private Limited (wholly owned subsidiary) with the Company, approved 26 March 2026, pending Regional Director approval; no effect given.
Results approved
The board of directors met on Tuesday, November 03, 2026 from 04:00 P.M. to 05:10 P.M. (IST) and approved the unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2026, along with the limited review reports of the statutory auditors.
Auditor's review conclusion
- The auditors, MSKA & Associates LLP, carried out a limited review, not a full audit, so no audit opinion is expressed.
- Their conclusion: nothing came to their attention that causes them to believe the statement omits required disclosures or contains any material misstatement.
- There is no qualification, no emphasis of matter and no going-concern doubt in the conclusion.
- They relied on another auditor's report for five subsidiaries and on management-certified information for one jointly controlled entity; the conclusion is not modified for either.
Consolidated numbers (INR in millions)
- Total income: 816.90 for the quarter, 1,586.84 for the half year.
- Total revenue from operations: 795.21 for the quarter.
- Profit before tax: 117.35 for the quarter, 237.76 for the half year.
- Profit for the period/year: 100.36 for the quarter, 203.51 for the half year. The year-ago quarter (30-Sep-25) figure was 85.32.
- Basic earnings per share: 1.82 for the quarter, 3.70 for the half year.
Standalone numbers (INR in millions)
- Total income: 596.83 for the quarter, 1,165.96 for the half year.
- Profit for the period/year: 46.74 for the quarter, 108.45 for the half year.
- Basic earnings per share: 0.85 for the quarter.
Segment view (consolidated, quarter ended 30-Sep-26, INR in millions)
- Laboratory business: revenue 541.72, segment result 77.24.
- Aligners business: revenue 254.97, segment result 74.05.
- Other business: revenue 10.80, segment result 1.36.
Other decisions and notes in the update
- Shareholders, by special resolution at the 22nd Annual General Meeting held on 25 September 2026, approved a variation in the objects of the IPO and an extension of the timeline for using the proceeds. Money earmarked for new machinery for the Company and for subsidiary Bizdent Devices Private Limited has been reallocated to newly added objects, to be used over Financial Years 2026-27 and 2027-28.
- Of total IPO proceeds of 1,281.70, 814.10 had been utilised and 467.60 remained unutilised as on 30 September 2026; the unutilised amount is temporarily invested in fixed deposits with banks. Within the newly added objects, 268.96 is for land, building and infrastructure and 212.07 for movable assets, of which 13.43 had been used.
- The scheme of merger of Bizdent Devices Private Limited, a wholly owned subsidiary, with the Company was approved by the board on 26 March 2026; it is pending approval of the Regional Director and no effect has been given to it in these results.
- The Group discontinued the business of Rich Smile Design LLP during the year ended 31 March 2026; it is not considered material to the financial results.
- The estimated incremental impact of INR 57.79 million from the New Labour Codes was accounted as an exceptional item in the consolidated audited results for the year ended 31 March 2026.
What a retail investor can take away
This is the regular quarterly results disclosure. The numbers above are unaudited and reviewed, not audited, and the auditor's conclusion is clean. Two corporate items sit alongside the results: the re-phasing of IPO spending towards new objects, and a merger of a wholly owned subsidiary that is still awaiting regulatory approval.
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More numbers
- Total revenue from operations, consolidated, Q2 FY27 (INR million)795.21
- Total income, consolidated, H1 FY27 (INR million)1,586.84
- Profit for the period/year, standalone, Q2 FY27 (INR million)46.74
- Total utilisation of IPO proceeds (INR million)1,281.70
- Unutilised IPO proceeds as on 30-Sep-2026 (INR million)467.60
- Estimated incremental impact of New Labour Codes (INR million)57.79
- Total income, latest quarter816.90 (INR in millions)
- Total income, year-ago quarter746.52 (INR in millions)
- Total income, previous quarter769.94 (INR in millions)
- Total comprehensive income, latest quarter102.89 (INR in millions)
- Total comprehensive income, year-ago quarter87.35 (INR in millions)
- Total comprehensive income, previous quarter102.97 (INR in millions)
- Profit after tax, latest quarter100.36 (INR in millions)
- Profit after tax, year-ago quarter85.32 (INR in millions)
- Profit after tax, previous quarter103.15 (INR in millions)
- Profit before tax, latest quarter117.35 (INR in millions)
- Profit before tax, year-ago quarter94.22 (INR in millions)
- Profit before tax, previous quarter120.41 (INR in millions)
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