Board approves September quarter and half-year results; auditor review finds no material misstatement
Board met on October 30, 2026 and considered and approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 8,170.94 | 6,285.55 | +30% | 7,780.17 | +5% |
| Total income | 8,238.69 | 6,364.56 | +29.4% | 7,870.77 | +4.7% |
| Profit before tax | 937.15 | 627.70 | +49.3% | 849.19 | +10.4% |
| Profit after tax | 699.54 | 472.56 | +48% | 610.87 | +14.5% |
| Total comprehensive income | 696.02 | 472.56 | +47.3% | 609.15 | +14.3% |
| Basic EPS | 2.41 | 1.74 | +38.5% | 2.25 | +7.1% |
- Profit after tax YoY growth
- +48%
- Period
- September 30 2026
Auditor's review
Conclusion: Unmodified
Notes to the results
- IPO of 2,92,56,232 equity shares (1,76,71,232 fresh issue, 1,15,85,000 offer for sale) aggregating Rs. 4,271.41 millions completed; shares listed on NSE and BSE on September 17, 2026.
- Fresh issue proceeds of Rs. 2,580.00 Millions; Rs. 426.63 million utilised and Rs. 2,153.37 million unutilised as on 30.09.26.
- IPO cost of Rs. 172.02 (net of GST) allocated to issue of new shares adjusted against securities premium under Section 52.
- Exceptional item of 8.23 (₹ in Million) for year ended March 31, 2026: statutory impact of new Labour Codes; nil in the quarters presented.
Board outcome
The Board of Directors met on Friday, October 30, 2026, from 04:00 P.M. to 06:00 P.M. (IST). It considered and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with the Limited Review Report.
Auditor's review conclusion
- The results were reviewed by Surana Maloo & Co., Chartered Accountants.
- Their conclusion: nothing has come to their attention that causes them to believe the statement has not disclosed the information required to be disclosed, or that it contains any material misstatement.
- The consolidated review report carries an unmodified conclusion as well. The auditors relied on the reports of other auditors for one subsidiary, five joint operations and one joint venture, and the consolidated results include two joint operations whose interim results were not reviewed by their auditors.
Standalone results (all amounts in ₹ Millions)
- Revenue from operations: 8,170.94 for the quarter ended September 30, 2026 and 15,951.11 for the half year.
- Profit after tax: 699.54 for the quarter and 1,310.41 for the half year.
- The company noted that the figures for the quarter ended are not annualised.
IPO and use of fresh issue proceeds
- The company completed its Initial Public Offer during the quarter: 1,76,71,232 equity shares were offered as fresh issue, and the issue (which also included an offer for sale) aggregated to Rs. 4,271.41 millions.
- The equity shares were listed on the National Stock Exchange of India Limited and BSE Limited on September 17, 2026.
- Fresh issue proceeds were Rs. 2,580.00 millions.
- As on September 30, 2026, Rs. 2,153.37 millions of the amounts disclosed for the objects of the issue remained unutilised.
- The disclosed objects cover purchase of equipment, prepayment and/or repayment of certain borrowings, general corporate purposes and offer related expenses.
How to read this
- This is a routine quarterly outcome: results plus a limited review by the auditors, with no modification in their conclusion.
- Because the IPO was completed during the quarter, a large part of the fresh issue money was still unutilised at quarter end; how the company deploys it on the stated objects is the item to track in the coming quarters.
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More numbers
- Revenue from operations, standalone, quarter ended Sep 30, 20268,170.94 (₹ Millions)
- Revenue from operations, standalone, half year ended Sep 30, 202615,951.11 (₹ Millions)
- Profit after tax, standalone, quarter ended Sep 30, 2026699.54 (₹ Millions)
- Profit after tax, standalone, half year ended Sep 30, 20261,310.41 (₹ Millions)
- Equity shares offered as fresh issue in IPO1,76,71,232 shares
- IPO aggregating amountRs. 4,271.41 millions
- Fresh issue proceeds from IPORs. 2,580.00 Millions
- Unutilised IPO proceeds as on 30.09.262,153.37 (₹ in Million)
- Total income, latest quarter8,238.69 (₹ Millions)
- Total income, year-ago quarter6,364.56 (₹ Millions)
- Total income, previous quarter7,870.77 (₹ Millions)
- Total comprehensive income, latest quarter696.02 (₹ Millions)
- Total comprehensive income, year-ago quarter472.56 (₹ Millions)
- Total comprehensive income, previous quarter609.15 (₹ Millions)
- Profit after tax, latest quarter699.54 (₹ Millions)
- Profit after tax, year-ago quarter472.56 (₹ Millions)
- Profit after tax, previous quarter610.87 (₹ Millions)
- Revenue from operations, latest quarter8,170.94 (₹ Millions)
- Revenue from operations, year-ago quarter6,285.55 (₹ Millions)
- Revenue from operations, previous quarter7,780.17 (₹ Millions)
- Profit before tax, latest quarter937.15 (₹ Millions)
- Profit before tax, year-ago quarter627.70 (₹ Millions)
- Profit before tax, previous quarter849.19 (₹ Millions)
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