Board approves Q2/H1 FY27 results, names CFO; auditor's limited review finds no material misstatement
Board meeting on 24.10.2026 approved unaudited standalone and consolidated results for Q2/H1 FY27.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 62.23 | 75.63 | −17.7% | 72.04 | −13.6% |
| Total income | 1195.78 | 77.81 | — | 905.57 | +32% |
| Profit before tax | 292.92 | (72.29) | — | 687.16 | −57.4% |
| Profit after tax | 148.52 | (72.29) | — | 481.17 | −69.1% |
| Total comprehensive income | 149.33 | (70.60) | — | 483.32 | −69.1% |
| Basic EPS | 0.83 | (0.39) | — | 2.67 | −68.9% |
- Profit after tax - Prev qtr
- 481.17 (−69.1%)
- Period
- 30.09.26
Also decided at the meeting
- Appointed Sri. K. Vijayasarathi as CFO of the Company with effect from 26/10/2026.
- Board took on record the Government of Karnataka's appeal in the High Court of Karnataka against the order in the Company's favour on additional land acquisition compensation.
Notes to the results
- The appeal by the Government of Karnataka in the Hon'ble High Court of Karnataka concerns the Company's additional compensation case for compulsory land acquisition, earlier disposed of in the Company's favour.
Decisions taken
- The Board approved the unaudited financial results, standalone and consolidated, for the quarter and half year ended September 30, 2026, together with the limited review reports.
- Sri. K. Vijayasarthi was appointed CFO of the Company with effect from 26/10/2026.
- The Board took on record the appeal by the Government of Karnataka in the High Court of Karnataka in the Company's case for additional compensation pertaining to the compulsory acquisition of land, which was disposed off by the High Court in favour of the Company.
Auditor's conclusion
The independent auditor's review report on the standalone unaudited results says that, based on the review, nothing has come to the auditor's attention that causes it to believe that the statement has not disclosed the information required or that it contains any material misstatement. A review gives less assurance than a full audit.
Standalone (half year ended September 30, 2026)
- Revenue from operations: Rs. 85.12 lakh
- Other income: Rs. 176.31 lakh
- Total income: Rs. 261.43 lakh
- Total expenses: Rs. 378.00 lakh
- Profit/(Loss) before exceptional items and tax: Rs. (116.57) lakh
- Profit/(Loss) for the year: Rs. (116.57) lakh
- Basic and diluted EPS: Rs. (0.64)
Consolidated (half year ended September 30, 2026)
- Revenue from operations: Rs. 136.33 lakh
- Other income: Rs. 1,297.55 lakh
- Total income: Rs. 1,433.88 lakh
- Total expenses: Rs. 455.07 lakh
- Profit before exceptional items and tax: Rs. 978.82 lakh
- Tax expense: Rs. 350.40 lakh
- Profit for the year: Rs. 628.42 lakh
- Share of profit of associate: Rs. 2.96 lakh
- Total comprehensive income: Rs. 631.38 lakh
- Basic and diluted EPS: Rs. 3.49
Quarter picture (standalone)
- Total income: Rs. 124.12 lakh
- Profit/(Loss) for the period: Rs. (63.53) lakh
Points to keep in mind
- The consolidated profit is carried mainly by other income of Rs. 1,297.55 lakh; the consolidated cash flow statement lists profit on sale of investment of Rs. 1,271.89 lakh.
- Revenue from operations for the half year is Rs. 136.33 lakh consolidated and Rs. 85.12 lakh standalone, against total expenses of Rs. 455.07 lakh and Rs. 378.00 lakh respectively.
- The company states that it operates in only one segment, real estate development activities.
- Standalone balance sheet as at September 30, 2026 shows total assets of Rs. 6,835.06 lakh, equity share capital of Rs. 904.15 lakh and other equity of Rs. 5,621.34 lakh.
Also from S V Global Mill
Appointment of Sri. K. Vijayasarathi as Chief Financial Officer w.e.f. 26 October 2026
24 Oct 2026
Board meeting on 24 October 2026 to approve un-audited results for half year ended 30 September 2026
14 Oct 2026
More numbers
- Standalone Revenue from operations, half year ended Sep 30, 202685.12
- Standalone Profit/(Loss) for the year, half year ended Sep 30, 2026(116.57)
- Consolidated Revenue from operations, half year ended Sep 30, 2026136.33
- Consolidated Other Income, half year ended Sep 30, 20261,297.55
- Consolidated Total Income, half year ended Sep 30, 20261,433.88
- Consolidated Profit for the year, half year ended Sep 30, 2026628.42
- Profit on sale of investment, consolidated cash flow1,271.89
- Consolidated Basic EPS, half year ended Sep 30, 20263.49
- Total income, latest quarter1195.78 (Amount in Rs. lakh)
- Total income, year-ago quarter77.81 (Amount in Rs. lakh)
- Total income, previous quarter905.57 (Amount in Rs. lakh)
- Total comprehensive income, latest quarter149.33 (Amount in Rs. lakh)
- Total comprehensive income, year-ago quarter(70.60) (Amount in Rs. lakh)
- Total comprehensive income, previous quarter483.32 (Amount in Rs. lakh)
- Profit after tax, latest quarter148.52 (Amount in Rs. lakh)
- Profit after tax, year-ago quarter(72.29) (Amount in Rs. lakh)
- Profit after tax, previous quarter481.17 (Amount in Rs. lakh)
- Revenue from operations, latest quarter62.23 (Amount in Rs. lakh)
- Revenue from operations, year-ago quarter75.63 (Amount in Rs. lakh)
- Revenue from operations, previous quarter72.04 (Amount in Rs. lakh)
- Profit before tax, latest quarter292.92 (Amount in Rs. lakh)
- Profit before tax, year-ago quarter(72.29) (Amount in Rs. lakh)
- Profit before tax, previous quarter687.16 (Amount in Rs. lakh)
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