QFQuest Flow Controls543982Quarterly results

Board approves unaudited H1 FY27 results; auditors' limited review conclusion unmodified

The board approved the unaudited standalone and consolidated financial statements for the half year ended September 30, 2026, on the Audit Committee's recommendation.

By ScoutQuest · Tue 27 Oct 2026, 12:02 AM IST · 2 min read

Revenue from operations (H1 FY27 vs H1 FY26)

2,258.52 lakh versus 2,418.47 lakh

Profit/(Loss) for the period (H1 FY27 vs H1 FY26)

(1,369.56) lakh versus 150.45 lakh

Total expenses (H1 FY27)

3,681.49 lakh versus 2,010.34 lakh

What the board approved

• The unaudited standalone and consolidated financial statements for the half year ended September 30, 2026, as recommended by the Audit Committee.
• The limited review report of the statutory auditors, M/s APRA & Associates LLP, Chartered Accountants.
• The board meeting ran from 9:30 PM to 10:00 PM.

Auditor's conclusion

The limited review report is unmodified. The auditors state that nothing has come to their attention that causes them to believe the statements are not prepared in line with AS 25 and the applicable disclosure requirements, or that they contain a material misstatement. A limited review is narrower than a full audit and gives moderate, not full, assurance. For the consolidated statement, the auditors relied on the review carried out by other auditors for the associate, Quest Flow Control LLC (45.00% stake), and their conclusion is not modified on that account.

Results in numbers (standalone, half year ended September 30, 2026 versus September 30, 2025; Rs in lakh):

• Revenue from operations: 2,258.52 vs 2,418.47
• Total income: 2,295.28 vs 2,431.04
• Total expenses: 3,681.49 vs 2,010.34
• Profit/(Loss) before exceptional items and tax: (1,386.22) vs 420.63
• Profit/(Loss) for the period: (1,369.56) vs 150.45
• Basic and diluted EPS (face value Rs.10/- each): (13.35) vs 1.48

The expense side

The largest lines in the half year are Cost of Material Consumed at 1,773.94 and Other expenses at 948.58, followed by Employee benefit expense at 546.11 and Depreciation and amortization at 222.38. Total expenses of 3,681.49 were higher than Total income of 2,295.28, and the period closes with a loss of 1,369.56.

Balance sheet snapshot (standalone, as at September 30, 2026 versus March 31, 2026; Rs in lakh):

• Reserves and surplus: 4,663.49 vs 6,033.34
• Long-term borrowings: 116.84 vs 514.64
• Short-term borrowings: 186.54 vs 33.04
• Inventories: 1,663.07 vs 1,773.49
• Trade receivables: 4,701.66 vs 5,035.28
• Cash and bank balances: 14.72 vs 708.69
• Money received against share warrants: 1,475.04 in both periods

Cash flow (standalone; Rs in lakh)

• Net cash generated/(used) in operating activities: (958.80) versus (332.09)
• Net cash from investing activities: 539.53 versus (1,529.72)
• Net cash used in financing activities: (274.69) versus 1,815.40
• Cash and cash equivalents at the close of the period: 14.73 versus 259.06

How to read this

The headline for the half year is a swing from profit to loss on the standalone statement, with revenue lower than the same half of last year. The loss figure is an interim, reviewed - not audited - number, and the auditor's report carries no qualification. The consolidated statement covers the company and its 45.00% associate, Quest Flow Control LLC.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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