Board meeting outcome: Sep 30, 2026 results approved; auditor finds no material misstatement
Board approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 101,868 | 94,037 | +8.3% | 98,525 | +3.4% |
| Total income | 103,040 | 95,546 | +7.8% | 99,728 | +3.3% |
| Profit before tax | 14,146 | 13,410 | +5.5% | 13,846 | +2.2% |
| Profit after tax | 10,567 | 9,745 | +8.4% | 10,588 | −0.2% |
| Total comprehensive income | 13,130 | 13,689 | −4.1% | 11,095 | +18.3% |
| Basic EPS | 34.08 | 31.48 | +8.3% | 34.16 | −0.2% |
- Total income YoY growth
- +7.8%
- Period
- September 30, 2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- Consolidated exceptional items - gain (net) of Rs. 1,072 lakhs in the quarter ended September 30, 2026 (refer note 4).
- Standalone: gain on sale of Chennai property of Rs. 4,726 lakhs (carrying amount Rs. 965 lakhs, consideration Rs. 6,000 lakhs, expenses Rs. 309 lakhs).
- Standalone: provision for impairment of investment in subsidiary Rs. 190 lakhs and one-time restructuring cost Rs. 158 lakhs for AI-led operational efficiency.
- Final dividend of Rs. 16 per share (320%) approved at AGM on September 07, 2026 was paid on September 18, 2026.
Results for the quarter and half year ended September 30, 2026
The Board of Directors, at its meeting held on October 23, 2026 (11:30 A.M. to 3:35 P.M.), considered, approved and took on record the unaudited consolidated and standalone financial results under Indian Accounting Standards (Ind AS).
Auditor's review
- Walker Chandiok & Co. LLP, the statutory auditors, carried out a limited review of both the standalone and consolidated results.
- Their conclusion: nothing came to their attention that causes them to believe the statement has not disclosed the required information, or that it contains any material misstatement. The conclusion carries no qualification.
- A review is narrower in scope than an audit, and the auditors state they do not express an audit opinion.
Standalone headline numbers (Rs. in lakhs)
- Revenue from operations: 23,752 for the quarter (21,837 a year earlier) and 45,884 for the half year (44,732).
- Total income: 24,913 for the quarter.
- Profit before exceptional items and tax: 4,186 for the quarter (8,365 a year earlier).
- Net profit for the period: 6,222 for the quarter (7,520) and 8,302 for the half year (11,709).
- Basic EPS Rs. 20.07 and diluted EPS Rs. 19.94 for the quarter.
What lifted reported profit — exceptional items
A net exceptional gain of 4,378 lakhs was booked in the quarter, made of three parts
- An impairment provision of 190 lakhs on the carrying value of investment in a subsidiary, based on a recoverable value assessment under Ind AS 36.
- A one-time restructuring cost of 158 lakhs, described as being to drive AI-led operational efficiency.
- A gain of 4,726 lakhs on sale of the Chennai property.
On the property: the asset's carrying amount was 965 lakhs and it was sold for aggregate consideration of 6,000 lakhs; brokerage and transfer expenses of 309 lakhs were incurred, leaving the net gain of 4,726 lakhs. The company states the impairment provision had no impact on the consolidated financial results of the Group.
Cash flow and balance sheet
- Net cash generated from operating activities: 2,681 lakhs for the half year (2,878 a year earlier).
- Net cash used in financing activities: 5,138 lakhs, which includes dividends paid of 4,952 lakhs.
- Total assets: 113,923 lakhs as at September 30, 2026, against 111,972 lakhs as at March 31, 2026.
- Total equity: 91,253 lakhs (86,784 lakhs).
- Cash and cash equivalents at the end of the period: 1,347 lakhs.
Other decisions and disclosures
- ESOP: 9,036 equity shares of Rs. 5 each were allotted on exercise of options by eligible employees under ESOP schemes Plan VI and Plan VII, raising paid-up equity share capital by Rs. 0.45 lakhs.
- Dividend: a final dividend of Rs. 16 per share (320% of the face value of Rs. 5 each) was recommended by the Board on April 17, 2026, approved by shareholders at the Annual General Meeting on September 7, 2026, and paid to eligible shareholders on September 18, 2026.
- Labour Codes: the company has assessed an incremental impact of Rs. 2,135 lakhs on gratuity and Rs. 877 lakhs on long-term compensated absences following the change in the wage definition under the new Labour Codes, and continues to monitor finalisation of Central and State rules.
- Segment information is presented along with the consolidated financial results of the Group.
How to read the quarter
The profit figures for the quarter include the one-off property sale gain, the restructuring charge and the impairment. The Profit before exceptional items and tax line of 4,186 lakhs is the measure that reflects the ongoing business, separate from these three items.
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More numbers
- Revenue from operations – standalone, quarter ended Sep 30, 2026 (Rs. in lakhs)23,752
- Net profit for the period – standalone, quarter ended Sep 30, 2026 (Rs. in lakhs)6,222
- Exceptional item – net gain, quarter ended Sep 30, 2026 (Rs. in lakhs)4,378
- Aggregate consideration for sale of Chennai property (Rs. in lakhs)6,000
- Final dividend per equity share of face value Rs. 5 eachRs. 16 per share
- Equity shares allotted on exercise of ESOP options9,036
- Total assets as at September 30, 2026 (Rs. in lakhs)113,923
- Net cash generated from operating activities, six months (Rs. in lakhs)2,681
- Total income, latest quarter103,040 (Rs. In lakhs)
- Total income, year-ago quarter95,546 (Rs. In lakhs)
- Total income, previous quarter99,728 (Rs. In lakhs)
- Total comprehensive income, latest quarter13,130 (Rs. In lakhs)
- Total comprehensive income, year-ago quarter13,689 (Rs. In lakhs)
- Total comprehensive income, previous quarter11,095 (Rs. In lakhs)
- Profit after tax, latest quarter10,567 (Rs. In lakhs)
- Profit after tax, year-ago quarter9,745 (Rs. In lakhs)
- Profit after tax, previous quarter10,588 (Rs. In lakhs)
- Revenue from operations, latest quarter101,868 (Rs. In lakhs)
- Revenue from operations, year-ago quarter94,037 (Rs. In lakhs)
- Revenue from operations, previous quarter98,525 (Rs. In lakhs)
- Profit before tax, latest quarter14,146 (Rs. In lakhs)
- Profit before tax, year-ago quarter13,410 (Rs. In lakhs)
- Profit before tax, previous quarter13,846 (Rs. In lakhs)
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