Board approves quarter and half-year results; auditor's review conclusion unmodified
Board met on Oct 22, 2026 (4:30 pm to 4:50 pm) and approved the unaudited 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 |
|---|---|---|---|---|---|
| Total income | 458.78 | 2,344.03 | −80.4% | 346.67 | +32.3% |
| Profit before tax | 445.90 | 583.12 | −23.5% | 339.48 | +31.3% |
| Profit after tax | 333.68 | 425.66 | −21.6% | 254.04 | +31.3% |
| Total comprehensive income | 333.68 | 425.66 | −21.6% | 254.04 | +31.3% |
| Basic EPS | 1.67 | 2.13 | −21.6% | 1.27 | +31.5% |
- Total Income YoY Change
- −80.4% (Year ago 2,344.03)
- Profit After Tax (Latest)
- 333.68 Lakhs (−21.6% YoY, +31.3% QoQ)
- Period
- 30-Sep-2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- Scheme of Merger of the Company with Lodha Developers Limited, its Holding Company, shared with NCLT Mumbai on 11 June 2026, approved by shareholders on 9 October 2026; awaiting final NCLT sanction.
Board meeting outcome
The Board of Directors met on October 22, 2026, from 4:30 pm to 4:50 pm, and approved the unaudited financial results for the quarter and half year ended September 30, 2026. The statutory auditor, Walker ChandioK & Co LLP, has issued a Limited Review Report on the statement. The Company reports a single segment, real estate development, and all its operations are within India.
Auditor's conclusion
The review conclusion is unmodified. The auditors state that nothing has come to their attention that causes them to believe the statement has not disclosed what the regulations require, or that it contains any material misstatement. A limited review is narrower in scope than a full audit and is not an audit opinion.
What the results statement shows (figures as printed, in lakh)
- Revenue from operations is printed as "-" in the period columns of the statement; the income shown in the statement is "Other income".
- Quarter ended 30-Sep-2026: Total income 458.78 and Profit for the period 333.68.
- Half year ended 30-Sep-2026: Total income 805.45 and Profit for the period 587.72.
- Quarter ended 30-Sep-2025, shown for comparison: Total income 2,344.03 and Profit for the period 425.66.
- Earnings per share (basic and diluted, not annualised) for the quarter was 1.67.
The drop in Total income for the September 2026 quarter compared with the September 2025 quarter lines up with the absence of Revenue from operations in the current quarter; the profit for the quarter is, however, higher than the year-ago quarter's profit.
Balance sheet pointer
- Loans, shown under financial assets, stood at 27,469.72 lakh as at September 30, 2026 and form the bulk of the Company's current assets, which is the source of the interest income recorded in the statement.
Merger status (Note 4 to the results)
- The note states: "The Scheme of Merger of the Company with Lodha Developers Limited, its Holding Company, was shared with the Hon'ble NCLT, Mumbai Bench on 11 June 2026 and approved by the requisite majority of equity shareholders on 9 October 2026."
- It adds that the Scheme is awaiting final sanction by the Hon'ble NCLT, Mumbai Bench and has not yet become effective.
What a retail reader can take from this update
- The numbers approved by the Board carry an unmodified limited review conclusion from the statutory auditor.
- The income and profit figures above are the Company's own reported numbers for the quarter and half year, alongside the audited full-year figures for the year ended March 31, 2026.
- The merger with the holding company is described in the update as approved by the requisite majority of equity shareholders and still subject to final NCLT sanction; it has not yet become effective.
Also from National Standard (India)
Board meet on October 22, 2026 to consider un-audited results for September quarter and half year
15 Oct 2026
NCLT-convened meeting: shareholders approve scheme of merger by absorption with Lodha Developers
9 Oct 2026
More numbers
- Total income - quarter ended 30-Sep-2026458.78 (₹ in Lakhs)
- Profit for the period - quarter ended 30-Sep-2026333.68 (₹ in Lakhs)
- Total income - six months ended 30-Sep-2026805.45 (₹ in Lakhs)
- Profit for the period - six months ended 30-Sep-2026587.72 (₹ in Lakhs)
- Total income - quarter ended 30-Sep-20252,344.03 (₹ in Lakhs)
- Profit for the period - quarter ended 30-Sep-2025425.66 (₹ in Lakhs)
- Loans (financial assets) as at 30-Sep-202627,469.72 (₹ in Lakhs)
- Total income, latest quarter458.78 (₹ in Lakhs)
- Total income, year-ago quarter2,344.03 (₹ in Lakhs)
- Total income, previous quarter346.67 (₹ in Lakhs)
- Total comprehensive income, latest quarter333.68 (₹ in Lakhs)
- Total comprehensive income, year-ago quarter425.66 (₹ in Lakhs)
- Total comprehensive income, previous quarter254.04 (₹ in Lakhs)
- Profit after tax, latest quarter333.68 (₹ in Lakhs)
- Profit after tax, year-ago quarter425.66 (₹ in Lakhs)
- Profit after tax, previous quarter254.04 (₹ in Lakhs)
- Revenue from operations, year-ago quarter1,725.18 (₹ in Lakhs)
- Revenue from operations, previous quarter(101.57) (₹ in Lakhs)
- Profit before tax, latest quarter445.90 (₹ in Lakhs)
- Profit before tax, year-ago quarter583.12 (₹ in Lakhs)
- Profit before tax, previous quarter339.48 (₹ in Lakhs)
- Revenue from operations, latest quarter-
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