Q2 FY27 results approved, Rs. 9.50 interim dividend declared; auditor flags SEBI settlement note
Board approved 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 | 795.75 | 658.12 | +20.9% | 766.87 | +3.8% |
| Total income | 818.89 | 694.71 | +17.9% | 937.08 | −12.6% |
| Profit before tax | 449.80 | 455.51 | −1.3% | 664.49 | −32.3% |
| Profit after tax | 324.37 | 344.64 | −5.9% | 503.70 | −35.6% |
| Total comprehensive income | 322.27 | 344.80 | −6.5% | 502.69 | −35.9% |
| Basic EPS | 5.07 | 5.42 | −6.5% | 7.89 | −35.7% |
- Profit after tax YoY
- 344.64 (−5.9%)
- Period
- Quarter ended 30-Sep-26 (Reviewed)
Also decided at the meeting
- Declared interim dividend of Rs. 9.50/- per equity share of face value Rs. 10/-; record date October 28, 2026; payment on and from November 5, 2026.
- Board noted Rs. 96.76 Crores paid during the quarter (Rs. 89.08 crores fee reversal incl. interest and Rs. 7.68 crores settlement amount) in SEBI Yes Bank AT-1 settlement; order awaited.
Auditor's review
Conclusion: Unmodified
- Emphasis of matter: attention drawn to Note 5 describing ongoing settlement proceedings for a SEBI show cause notice alleging non-compliance with SEBI (Mutual Funds) Regulations; conclusion not modified.
- Other matter: one subsidiary and one associate included based on unaudited, unreviewed management-certified results, stated as not material; conclusion not modified.
Notes to the results
- Exceptional item of 96.76 (₹ crore) in the quarter: ₹ 7.68 Crore settlement amount and ₹ 89.08 Crore management fees with interest remitted under SEBI settlement on Yes Bank AT-1 bond investments.
- Supreme Court on October 15, 2026 dismissed appeals against Bombay HC order setting aside Yes Bank AT-1 write-off; any recovery accrues to unitholders with no impact on Company results.
- Allotted 7,46,085 equity shares of ₹ 10 each during the quarter on exercise of stock options; non-cash ESOP cost ₹ 9.29 Crore for the quarter.
What the board decided
The board met on October 22, 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, together with the limited review reports of the statutory auditors, S.R. Batliboi & Co. LLP.
- It declared an interim dividend of Rs. 9.50/- per equity share of face value of Rs. 10/- each. The record date for deciding who is entitled is October 28, 2026, and payment is on and from November 5, 2026.
- It took note of the status of settlement proceedings arising from a SEBI show cause notice received during FY 2024-25, relating to certain past investments made by certain NIMF schemes in Yes Bank AT-1 Bonds.
What the auditor's review says
This is a limited review, not a full audit: the auditor performs inquiries and analytical procedures to get moderate assurance, and does not express an audit opinion. On that basis, nothing came to the auditor's attention that causes them to believe the statement has not disclosed what is required, or contains a material misstatement. The auditor separately draws attention to the note describing the ongoing SEBI settlement proceedings; the conclusion is not modified in respect of that matter.
The reported numbers, by line item
- Standalone 'Revenue from operations': Rs. 746.80 crore for the quarter.
- Standalone 'Profit after tax': Rs. 316.70 crore for the quarter.
- Consolidated 'Profit after tax': Rs. 324.14 crore for the quarter.
These are the exact line items printed in the standalone and consolidated statements respectively; the statements are marked 'Reviewed'.
The SEBI settlement in rupees
The company has already paid an aggregate of Rs. 96.76 crore during the quarter. This has two parts:
- Rs. 89.08 crore (including interest) on account of reversal of management fee earned on the said investments.
- Rs. 7.68 crore towards the settlement amount in respect of the company and certain of its officials.
SEBI has communicated its in-principle acceptance of the settlement terms. The settlement order is awaited, and based on the current assessment no further provision is considered necessary. The aggregate amount is recognised as an exceptional item in the standalone results for the quarter and half year.
How a retail reader can use this
- The dividend is a cash payout decided by the board; the record date of October 28, 2026 decides who receives it, so shares must be held in the demat account on that date to qualify.
- The settlement payment is a one-time charge shown as an exceptional item, so it sits above the reported profit lines and helps explain the gap between operating performance and the final profit figure.
- The pending settlement order from SEBI is a development to track, since it relates to the same matter that the auditor has flagged in the review report.
- The results are unaudited and have been reviewed, and the auditor's conclusion is unmodified, which is the standard clean outcome for an interim review.
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More numbers
- Interim dividend per equity shareRs. 9.50/-
- Face value per equity shareRs. 10/-
- Aggregate paid towards SEBI settlementRs. 96.76 Crores
- Reversal of management fee (incl. interest)Rs. 89.08 crores
- Settlement amount for company and officialsRs. 7.68 crores
- Standalone Revenue from operations, quarter (Rs. in crore)746.80
- Standalone Profit after tax, quarter (Rs. in crore)316.70
- Consolidated Profit after tax, quarter (Rs. in crore)324.14
- Total income, latest quarter818.89 (₹ in crores)
- Total income, year-ago quarter694.71 (₹ in crores)
- Total income, previous quarter937.08 (₹ in crores)
- Total comprehensive income, latest quarter322.27 (₹ in crores)
- Total comprehensive income, year-ago quarter344.80 (₹ in crores)
- Total comprehensive income, previous quarter502.69 (₹ in crores)
- Profit after tax, latest quarter324.37 (₹ in crores)
- Profit after tax, year-ago quarter344.64 (₹ in crores)
- Profit after tax, previous quarter503.70 (₹ in crores)
- Revenue from operations, latest quarter795.75 (₹ in crores)
- Revenue from operations, year-ago quarter658.12 (₹ in crores)
- Revenue from operations, previous quarter766.87 (₹ in crores)
- Profit before tax, latest quarter449.80 (₹ in crores)
- Profit before tax, year-ago quarter455.51 (₹ in crores)
- Profit before tax, previous quarter664.49 (₹ in crores)
- interim_dividend_per_shareRs. 9.50/-
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