Q2 FY27: revenue Rs. 163.65 lacs, net profit Rs. 1.90 lacs; auditor flags uninsured gold inventory
Unaudited Q2 and H1 results for the period ended 30 September 2026 shared.
By ScoutQuest · · 3 min read
- Q2 Revenue from Operations
- Rs. 163.65 lacs
- Q2 Net Profit
- Rs. 1.90 lacs
- H1 Revenue from Operations
- Rs. 212.95 lacs vs Rs. 405.41 lacs a year earlier
The company has shared its unaudited financial results for the quarter and half year ended 30 September 2026, together with the limited review report of its statutory auditors. Figures below are as stated in the update, which is presented in Rs. lacs.
Quarter and half year numbers
- Revenue from operations for the quarter ended 30-Sep-26 was Rs. 163.65 lacs, against Rs. 40.01 lacs in the quarter ended 30-Sep-25.
- Total income for the quarter was Rs. 163.89 lacs, and net profit after tax was Rs. 1.90 lacs, against a loss of Rs. 1,565.16 lacs in the same quarter a year earlier.
- For the half year, revenue from operations was Rs. 212.95 lacs (previous year Rs. 405.41 lacs) and net profit after tax was Rs. 3.00 lacs (previous year loss Rs. 1,555.30 lacs).
- Basic and diluted earnings per share are shown as 0.00 for the quarter and for the half year.
- The company states that it operates in a single reportable segment, agricultural product trading.
Balance sheet snapshot as at 30-09-2026
- Total assets Rs. 9,044.35 lacs, against Rs. 10,542.21 lacs as at 31-03-2026.
- Inventories Rs. 4,289.96 lacs, unchanged from 31-03-2026.
- Trade receivables Rs. 2,329.71 lacs and current loans Rs. 1,977.63 lacs.
- Non-current borrowings Rs. 33.34 lacs; cash and cash equivalents Rs. 3.79 lacs.
- Net cash generated from operating activities for the period Rs. 315.93 lacs.
What the auditors highlighted
The limited review report states that nothing came to the auditors' attention that causes them to believe the statement contains a material misstatement. It also records certain other matters:
- The inventory includes gold bars kept in lockers with no movement during the period, and no insurance coverage has been obtained for this inventory against loss, theft or damage.
- The company "has generally been irregular in depositing statutory dues" with the appropriate authorities within the prescribed due dates.
- Loans and advances aggregating to Rs. 1,967.42 Lakhs were provided during the year to various parties; external balance confirmations and supporting reconciliations were not received, and the auditors say they are unable to determine the completeness and recoverability of these balances.
- Equity share capital increased during FY 2025-26 following conversion of warrants into equity shares effective 20 May 2025, and earnings per share has been calculated after giving effect to that conversion.
Other disclosures in the update
- The company states there is no default in the payment of outstanding loans, revolving facilities or unlisted debt securities.
- The statement on deviation or variation in proceeds of public issue, rights issue or preferential issue is marked not applicable.
How a reader might see it
The quarter and half year show a small profit where the year-earlier periods were in loss, on a revenue base that is higher quarter-on-quarter but lower for the half year than a year ago. Alongside this, the auditors' other matters draw attention to the absence of insurance on the gold bar inventory, delays in statutory dues and the lack of external confirmation for loans and advances of Rs. 1,967.42 Lakhs, which are points a reader may want to track in later updates.
Also from Pervasive Commodities
Standalone results for the 30-Sep-26
4 Nov 2026
Board approves unaudited Q2 and H1 FY27 results; net profit of Rs. 1.90 lacs for the quarter
4 Nov 2026
BSE approves waiver of fines totalling Rs. 11.07 lakh levied for board composition non-compliance
28 Oct 2026
More numbers
- Q2 revenue from operations (Rs. in lacs)163.65
- Q2 net profit after tax (Rs. in lacs)1.90
- H1 revenue from operations (Rs. in lacs)212.95
- H1 net profit after tax (Rs. in lacs)3.00
- H1 previous year loss after tax (Rs. in lacs)(1,555.30)
- Total assets as at 30.09.2026 (Rs. in lacs)9,044.35
- Inventories as at 30.09.2026 (Rs. in lacs)4,289.96
- Loans and advances provided during the yearRs. 1,967.42 Lakhs
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