Q2 FY27 results approved; interim dividend of Rs 0.50 per share declared
Board approved unaudited standalone and consolidated results for Q2/half year ended 30 September 2026; the auditor's limited review carries an unmodified conclusion.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 781.87 | — | — | — | — |
| Total income | 1,379.32 | 472.47 | +192% | 443.50 | +211% |
| Profit before tax | 900.59 | (75.53) | — | 153.79 | +486% |
| Profit after tax | 1,081.55 | 176.59 | +512% | 512.69 | +111% |
| Total comprehensive income | 563.37 | (1,002.80) | — | 1,040.69 | −45.9% |
| Basic EPS | 0.81 | 0.13 | +523% | 0.38 | +113% |
- Profit after tax YoY growth
- +512%
- Period
- 30.09.2026 (Unaudited)
Also decided at the meeting
- Declared Interim Dividend for FY 2026-27 @ Rs 0.50 per equity share on the face value of Rs 10/- per equity share.
Auditor's review
Conclusion: Unmodified
- Emphasis of Matter: Associate Oswal Greentech has not charged further interest on disputed ICDs pending challenge of arbitration award; PAT and Investment understated by Rs 525.93 lakhs (Parent's share) for the quarter.
Notes to the results
- Company got TDR of 1,06,374.15 sq mtr from BMC dated 23.10.2024; approx 84,526.42 sq mtr sold up to 30th September 2026.
- Company recognizes Trading, Real Estate and Investing activities as separate business segments.
The board met on Wednesday, 4 November 2026 and took two decisions: approval of the unaudited financial results, and declaration of an interim dividend. Figures below are standalone unless stated otherwise.
Dividend
- Interim dividend for the financial year 2026-27 at Rs 0.50 per equity share on the face value of Rs 10/- per equity share.
Standalone results for the September quarter (Rs in lakh)
- Revenue from operations: 781.87
- Total income: 1,379.32
- Profit for the period: 661.36
- Basic and diluted EPS, not annualised for the quarter: 0.49
The statement carries three business segments: trading, real estate and investment activities. In the quarter, the real estate and investment activities segments brought in the bulk of segment revenue, while finance costs and employee benefit expense were the main cost lines.
Auditor's review
BGMC & Associates, Chartered Accountants, issued limited review reports on both the standalone and the consolidated results. The conclusion is unmodified in each case: nothing came to the auditor's attention suggesting the statements contain a material misstatement or fail to disclose what is required. The reports note that the year ended 31 March 2026 statements and the earlier quarters were handled by the predecessor auditor, Mehta Choksi & Shah LLP, who expressed unmodified opinions, and that the current conclusion is not modified on that account.
Emphasis of Matter in the consolidated review
- A dispute arose on interest charged on inter-corporate deposits with one borrower, for the Covid period and after.
- The associate, Oswal Greentech Limited, invoked the arbitration clause in the ICD agreement; the award was partly in its favour.
- The associate has contested the award at the High Court of Delhi and has not charged any further interest.
- As a result, PAT and the non-current investment are understated by Rs 525.93 lakhs, to the extent of the parent company's share in the associate, for the quarter under review.
Development rights note
The company holds Transferable Development Rights of 1,06,374.15 sq mtr received from Brihanmumbai Municipal Corporation, in the first phase, against land reserved by the BMC for various public utility purposes.
What a retail reader can take away
- Two announcements in one update: the quarterly numbers and a cash payout in the form of an interim dividend.
- The auditor's formal conclusion is unmodified on both standalone and consolidated results.
- The one cautionary line is the Emphasis of Matter, which relates to an interest dispute at the associate level and a quantified understatement in consolidated profit and investment, not to the company's own operations.
Also from Oswal Agro Mills
Board approves Rs 0.50 interim dividend; Q2 profit at Rs 661.36 lakh
4 Nov 2026
Interim dividend record date revised to November 10, 2026
4 Nov 2026
Record date for interim dividend fixed as November 7, 2026
30 Oct 2026
More numbers
- Interim dividend per equity share, FY 2026-27Rs 0.50
- Face value per equity shareRs 10/-
- Standalone Profit for the period, Q2661.36
- Standalone Basic EPS, Q2 (not annualised)0.49
- Understatement of PAT and non-current investment (associate share)Rs 525.93 lakhs
- Transferable Development Rights received from BMC1,06,374.15 sq mtr
- Total income, latest quarter1,379.32 (₹ In Lakhs)
- Total income, year-ago quarter472.47 (₹ In Lakhs)
- Total income, previous quarter443.50 (₹ In Lakhs)
- Total comprehensive income, latest quarter563.37 (₹ In Lakhs)
- Total comprehensive income, year-ago quarter(1,002.80) (₹ In Lakhs)
- Total comprehensive income, previous quarter1,040.69 (₹ In Lakhs)
- Profit after tax, latest quarter1,081.55 (₹ In Lakhs)
- Profit after tax, year-ago quarter176.59 (₹ In Lakhs)
- Profit after tax, previous quarter512.69 (₹ In Lakhs)
- Revenue from operations, latest quarter781.87 (₹ In Lakhs)
- Profit before tax, latest quarter900.59 (₹ In Lakhs)
- Profit before tax, year-ago quarter(75.53) (₹ In Lakhs)
- Profit before tax, previous quarter153.79 (₹ In Lakhs)
- interim_dividend_per_shareRs 0.50 per equity share
- Revenue from operations, year-ago quarter-
- Revenue from operations, previous quarter-
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