North Eastern Carrying Corporation534615Quarterly results

Board approves September-quarter results; auditor's review conclusion modified on doubtful-debt provisioning

Board approved un-audited standalone results for the quarter and half year ended September 30, 2026.

By ScoutQuest · Sat 24 Oct 2026, 3:36 PM IST · 2 min read

Standalone · ₹ lakh · EPS in ₹
Line item	Latest	Year ago	YoY	Prev qtr	QoQ
Revenue from operations	7,627.40	7074.60	+7.8%	7,558.48	+0.9%
Total income	7,690.26	7362.65	+4.4%	7725.40	−0.5%
Profit before tax	283.02	265.05	+6.8%	329.21	−14%
Profit after tax	215.42	181.80	+18.5%	201.19	+7.1%
Total comprehensive income	227.49	192.61	+18.1%	190.10	+19.7%
Basic EPS	0.22	0.19	+15.8%	0.18	+22.2%

PAT YoY growth: +18.5%
Period: 3 Months Ended (30.09.2026)

Also decided at the meeting

Change in designation of Mr. Utkarsh Jain (DIN 05271884) from Whole-time Director (Executive) to Non-Executive Non-independent Director, with effect from October 24, 2026.

Auditor's review

Conclusion: Qualified

Conclusion modified: the Company has not provided Provision for doubtful debts since the management is of the opinion that Debtors are fully realizable.
Conclusion modified: the debit and credit balances are subject to confirmation.

Notes to the results

There is no exceptional items.
Segment Reporting - Not Applicable (the Company is exclusively in the transportation business segment).

What the board approved

The Board of Directors met on Saturday, October 24, 2026, from 1430 Hours to 1510 Hours, and approved the Un-audited Financial Results of the Company for the quarter and half year ended September 30, 2026, as recommended by the Audit Committee. The Statutory Auditors, Nemani Garg Agarwal & Co., carried out a Limited Review of these results.

Change in designation of a director

Mr. Utkarsh Jain (DIN 05271884) has been re-designated from Whole-time Director (Executive) to Non-Executive Non-Independent Director, with effect from October 24, 2026.
The Board placed on record its appreciation for his contributions in his executive capacity and welcomed his continued guidance in the non-executive role.

In simple words: a whole-time executive director is part of day-to-day management, while a non-executive director is not. He continues on the board, but in a non-executive capacity.

Results snapshot (standalone, figures as printed in Rs. in Lakhs)

Revenue from Operations: 7,627.40 for the quarter and 15,185.88 for the half year.
Profit before tax: 612.23 for the half year.
Net Profit / (Loss) for the period: 215.42 for the quarter and 416.61 for the half year; the corresponding half year of the previous year was 359.83.
Earnings Per Share (Basic and Diluted): 0.22 for the quarter and 0.40 for the half year.

Auditor's review conclusion is modified

The Independent Auditors' Limited Review Report states that the conclusion is modified to the extent of two observations:

The Company has not provided Provision for doubtful debts since the management is of the opinion that Debtors are fully realizable.
The debit and credit balances are subject to confirmation.

Reading that plainly: a modified conclusion is not a clean sign-off. The first point is about money customers owe the company - nothing has been set aside against possible non-recovery, because management believes all of it will come in. The second is about balances that are still to be confirmed by the parties concerned.

Segment note

Segment reporting is not applicable, as the Company is exclusively in the transportation business segment.

What to take away

Two board-level outcomes: the September-quarter numbers and a director's change of role. Alongside the profit figures for the quarter and half year, the auditor's report records a modified conclusion on doubtful-debt provisioning and on confirmation of balances. The numbers and the observations are disclosed facts a reader can weigh together.

416.61 (Rs. in Lakhs)Net Profit / (Loss) for the period - half year ended September 30

Net Profit / (Loss) for the period - quarter ended September 30215.42 (Rs. in Lakhs)

Profit after tax, quarter201.19 (Rs. in Lakhs)

Net Profit / (Loss) for the period - half year ended September 30 416.61 (Rs. in Lakhs): Net Profit / (Loss) for the period - quarter ended September 30 215.42 (Rs. in Lakhs), Profit after tax, quarter 201.19 (Rs. in Lakhs).

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