Neueon Corporation532887Quarterly results
Q2 and H1 FY27 results approved; auditor's review carries an emphasis of matter on resolution-plan dues
Board met Oct 31, 2026 (12.30 pm to 4.30 pm).
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr |
|---|---|---|---|---|
| Revenue from operations | 724.71 | 412.33 | +75.8% | 6.09 |
| Total income | 732.81 | 415.54 | +76.4% | 22.65 |
| Profit before tax | (16,627.07) | (8,890.55) | −87% | (91.02) |
| Profit after tax | (16,627.07) | (8,890.55) | −87% | (91.02) |
| Total comprehensive income | (16,627.07) | (8,890.55) | −87% | (91.02) |
| Basic EPS | (2.94) | (15.72) | +81.3% | (0.02) |
- Total income YoY change
- +76.4% (year ago 415.54 Lakhs)
- Profit after tax (latest)
- (16,627.07) Lakhs vs year ago (8,890.55) Lakhs, −87%
- Period
- 30-Sep-26 (Un-Audited)
Notes to the results
- Exceptional items of 16,526.69 (Rs. in Lakhs) recognised in the quarter ended 30-Sep-26 (47.28 in quarter ended 30-Sep-25).
- Company underwent CIRP till 23rd Oct 2024; NCLT approved Resolution Plan of Neueon Consol Pvt Ltd vide order dated 23rd Oct 2024; new Board reconstituted 06th Nov 2024.
- Company has three Indian wholly owned subsidiaries (Neueon Enterprises, Neueon Power, Neueon Global) and one foreign subsidiary, Digitech Business Systems Limited.
The board of the company met on Saturday, Oct 31, 2026, from 12.30 p.m. to 4.30 p.m. It approved the unaudited standalone and consolidated financial results for the quarter and half year ended Sep 30, 2026, together with the statement of assets and liabilities and the cash flow statement, and noted the Limited Review Report of the statutory auditors, ASKM & Co., on those results.
Standalone results (as printed, Rs. in Lakhs)
- Revenue from operations for the quarter ended Sep 30, 2026: 696.80, against 412.33 in the quarter ended Sep 30, 2025.
- Total income for the quarter: 700.65; for the half year: 717.21.
- Total expenses for the quarter: 796.75.
- Loss before exceptional items and tax for the quarter: (96.10).
- Exceptional items for the quarter: 16,526.69.
- Profit/(Loss) before tax for the quarter: (16,622.79).
- Net Profit after tax for the quarter: (16,622.79); for the half year: (16,704.90).
- Earnings per share (basic and diluted) for the quarter: (2.94).
The quarter's result swings mainly on the exceptional item of 16,526.69; before that line, the standalone loss was 96.10.
Consolidated results (as printed, Rs. in Lakhs)
- Total income for the quarter: 732.81; for the half year: 755.45.
- Loss before exceptional items and tax for the quarter: (100.38).
- Exceptional items for the quarter: 16,526.69.
- Net Profit after tax for the quarter: (16,627.07); for the half year: (16,718.10).
- Earnings per share (basic and diluted) for the quarter: (2.94).
Auditor's review
- The report's section headed Qualified Conclusion states that nothing has come to the auditors' attention that causes them to believe the statement, prepared in accordance with applicable Indian Accounting Standards, has not disclosed the information required under Regulation 33 or that it contains any material misstatement. The conclusion is not modified.
- Emphasis of matter: the auditors draw attention to the statement describing the status of implementation of the approved Resolution Plan. The IBBL fee, fourth instalment, and dues of the assignment deed towards financial creditors were paid during the period under review, and there is no due towards financial creditors and other creditors. The auditors state that continued management oversight is required.
Balance sheet, standalone, as at Sep 30, 2026 against Mar 31, 2026 (Rs. in Lakhs)
- Total assets: 9,383.72 against 26,600.52.
- Equity: 5,370.96 against 22,097.72, comprising equity share capital of 5,654.46 and other equity of (283.50).
- Current borrowings: 2,034.73 against 4,197.62.
- Cash and cash equivalents: 25.66 against 131.11.
Cash flow, standalone, half year ended Sep 30, 2026 (Rs. in Lakhs)
- Cash from operating activities: 1,979.17.
- Cash from investing activities: 99.35.
- Net cash used in financing activities: (2,183.97).
- Net decrease in cash and cash equivalents: (105.45).
- Within the adjustments: 'Trade Receivables, Advances and deposit written off' 15,976.23 and 'Profit on sale of Assets' 545.80.
CIRP backdrop
- The company was under the Corporate Insolvency Resolution Process till October 23, 2024. The National Company Law Tribunal approved the Resolution Plan of Neueon Consol Private Limited (formerly Precа Structures Private Limited) by its order dated October 23, 2024, and the plan is binding on all stakeholders.
- The newly reconstituted board has been managing the company since November 6, 2024, and the auditors note that the resolution applicant has successfully implemented the resolution plan.
- The company operates in a single business segment and a single geographical segment. It has three Indian wholly owned subsidiaries — Neueon Enterprises Ltd, Neueon Power Ltd and Neueon Global Ltd — and one foreign subsidiary, Digitech Business Systems Ltd.
732.81 (Rs.in Lakhs)Total income, latest quarter
Revenue from operations, latest quarter724.71 (Rs.in Lakhs)
Revenue from operations, quarter6.09 (Rs.in Lakhs)
Also from Neueon Corporation
Members approve AOA change letting Board make one or multiple calls on unpaid share capital
11 Nov 2026
Board meeting on Oct 31, 2026 to consider Q2 and H1 results
27 Oct 2026
Sale deed executed for Unit V land in Sangareddy, Telangana, for consideration of ~Rs. 90.73 crore
26 Oct 2026
More numbers
- Revenue from operations, standalone, quarter ended Sep 30, 2026696.80 (Rs. in Lakhs)
- Total income, standalone, quarter ended Sep 30, 2026700.65 (Rs. in Lakhs)
- Exceptional items, standalone, quarter ended Sep 30, 202616,526.69 (Rs. in Lakhs)
- Net Profit after tax, standalone, quarter ended Sep 30, 2026(16,622.79) (Rs. in Lakhs)
- Net Profit after tax, consolidated, quarter ended Sep 30, 2026(16,627.07) (Rs. in Lakhs)
- Paid-up equity share capital, standalone5,654.46 (Rs. in Lakhs)
- Total assets, standalone, as at Sep 30, 20269,383.72 (Rs. in Lakhs)
- Trade receivables, advances and deposit written off15,976.23 (Rs. in Lakhs)
- Total income, latest quarter732.81 (Rs.in Lakhs)
- Total income, year-ago quarter415.54 (Rs.in Lakhs)
- Total income, previous quarter22.65 (Rs.in Lakhs)
- Total comprehensive income, latest quarter(16,627.07) (Rs.in Lakhs)
- Total comprehensive income, year-ago quarter(8,890.55) (Rs.in Lakhs)
- Total comprehensive income, previous quarter(91.02) (Rs.in Lakhs)
- Profit after tax, latest quarter(16,627.07) (Rs.in Lakhs)
- Profit after tax, year-ago quarter(8,890.55) (Rs.in Lakhs)
- Profit after tax, previous quarter(91.02) (Rs.in Lakhs)
- Revenue from operations, latest quarter724.71 (Rs.in Lakhs)
- Revenue from operations, year-ago quarter412.33 (Rs.in Lakhs)
- Revenue from operations, previous quarter6.09 (Rs.in Lakhs)
- Profit before tax, latest quarter(16,627.07) (Rs.in Lakhs)
- Profit before tax, year-ago quarter(8,890.55) (Rs.in Lakhs)
- Profit before tax, previous quarter(91.02) (Rs.in Lakhs)
Source: BSE · 31 Oct 2026
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