Board approves September quarter results; auditors flag ₹1.96 crore of undeposited TDS
Board approved the unaudited standalone results for the quarter and half year ended September 30, 2026, on the Audit Committee's recommendation, and took the auditors' limited review report on record.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,844.52 | 1,109.33 | +66.3% | 12,013.17 | −84.6% |
| Total income | 1,846.21 | 1,250.90 | +47.6% | 18,042.45 | −89.8% |
| Profit before tax | 144.43 | 186.59 | −22.6% | (2,036.05) | — |
| Profit after tax | 144.43 | 170.35 | −15.2% | (2,036.05) | — |
| Total comprehensive income | 144.43 | 170.35 | −15.2% | (2,036.05) | — |
| Basic EPS | 0.03 | 0.03 | 0% | (0.36) | — |
- Total income YoY
- +47.6%
- Profit after tax YoY
- −15.2%
- Period
- Quarter ended September 30, 2026
Auditor's review
Conclusion: Unmodified
- Emphasis of matter: Company has not deposited TDS amounting to ₹ 1.96 crore relating to FY 2025-26 and has not made provision for interest; conclusion not modified.
- Confirmations of balances for loans and advances given and unsecured loans taken were not available; auditor unable to verify existence, recoverability and completeness.
- Interest income/expense provisions based on management data not confirmed; share trading sales/purchases not reconciled with contract notes; possible effect not determinable.
Results approved at the board meeting
The Board of Directors, on the recommendation of the Audit Committee, considered and approved the unaudited standalone financial results of the company for the quarter and half year ended September 30, 2026. The statutory auditors, S K Bhavsar & Co., issued a limited review report on these results. The meeting was held on Thursday, 22nd October 2026.
What the auditors said
- The review conclusion is unmodified: nothing came to their attention that causes them to believe the statement contains a material misstatement or omits disclosures required under the listing regulations.
- Emphasis of Matter: the company has not deposited tax deducted at source amounting to ₹ 1.96 crore relating to financial year 2025-26, and has not made a provision for interest on it.
- Confirmations of balances for loans and advances given and for unsecured loans taken were not available, and the auditors could not satisfy themselves on existence, recoverability and completeness through alternative procedures.
- Interest income and interest expense were recognised on data provided by management, which the auditors could not verify.
- The company trades in shares and securities; sales and purchases were taken from management data and broker ledgers that were not reconciled with the underlying contract notes.
- The auditors state that the possible effect of these matters on the statement is not determinable.
Quarter ended September 30, 2026
- Revenue from operations: ₹1,844.52 lakh, against ₹1,109.33 lakh in the quarter ended September 30, 2025.
- Total Revenue (Net): ₹1,846.21 lakh.
- Net Profit for the period: ₹144.43 lakh.
- Basic and diluted earnings per share for the quarter were positive, in contrast to a loss per share in the immediately preceding quarter.
Half year ended September 30, 2026
- Revenue from operations: ₹13,857.69 lakh.
- Net result for the half year was a loss of ₹1,891.63 lakh, which means the first quarter's loss outweighed the second quarter's profit.
Balance sheet size
- Total Assets as at September 30, 2026 stood at ₹121,385.15 lakh. The statement of assets and liabilities is presented as at that date alongside the audited position as at March 31, 2026.
What this means for a retail reader
The update does two things at once. It reports the September quarter numbers, which show a profit for the quarter, and it carries the auditors' own note on two sensitive areas: a statutory due (tax deducted at source) that has not been deposited, and loan balances the auditors could not independently confirm. Because the review conclusion itself is unmodified, the auditors are drawing attention to these matters rather than qualifying the results. For an investor, the Emphasis of Matter is the part to read carefully, since it concerns both a statutory liability and the ability to verify balances on the lending side of the book.
Also from Leading Leasing Finance And Investment Company
Board meeting for quarter ended 30 September 2026 results rescheduled to 22 October 2026
15 Oct 2026
Board meeting for September-quarter results rescheduled to 22 October 2026; trading window closed
15 Oct 2026
Board meeting on 15 October 2026 to consider un-audited results for the September quarter
9 Oct 2026
More numbers
- Net Loss for the half year ended Sep 30, 2026 (Rs. in lakhs)(1,891.63)
- Revenue from operations, half year ended Sep 30, 2026 (Rs. in lakhs)13,857.69
- Tax deducted at source not deposited for FY 2025-26₹ 1.96 crore
- Total Assets as at Sep 30, 2026 (Rs. in lakhs)121,385.15
- Total income, latest quarter1,846.21 (Rs. in lakhs)
- Total income, year-ago quarter1,250.90 (Rs. in lakhs)
- Total income, previous quarter18,042.45 (Rs. in lakhs)
- Total comprehensive income, latest quarter144.43 (Rs. in lakhs)
- Total comprehensive income, year-ago quarter170.35 (Rs. in lakhs)
- Total comprehensive income, previous quarter(2,036.05) (Rs. in lakhs)
- Profit after tax, latest quarter144.43 (Rs. in lakhs)
- Profit after tax, year-ago quarter170.35 (Rs. in lakhs)
- Profit after tax, previous quarter(2,036.05) (Rs. in lakhs)
- Revenue from operations, latest quarter1,844.52 (Rs. in lakhs)
- Revenue from operations, year-ago quarter1,109.33 (Rs. in lakhs)
- Revenue from operations, previous quarter12,013.17 (Rs. in lakhs)
- Profit before tax, latest quarter144.43 (Rs. in lakhs)
- Profit before tax, year-ago quarter186.59 (Rs. in lakhs)
- Profit before tax, previous quarter(2,036.05) (Rs. in lakhs)
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