Board approves unaudited standalone results for quarter and half year ended 30 September 2026
Board meeting on 03 November 2026 approved the unaudited standalone financial results for the quarter and half year ended 30 September 2026, along with the auditors' limited review report, which has an unmodified conclusion.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 87.654 | 81.032 | +8.2% | 105.864 | −17.2% |
| Total income | 88.019 | 81.032 | +8.6% | 106.658 | −17.5% |
| Profit before tax | 5.876 | 23.746 | −75.3% | 12.058 | −51.3% |
| Profit after tax | 5.876 | 23.746 | −75.3% | 12.058 | −51.3% |
| Total comprehensive income | 5.876 | 23.746 | −75.3% | 12.058 | −51.3% |
| Basic EPS | 0.082 | 0.330 | −75.2% | 0.168 | −51.2% |
- Profit after tax year ago
- 23.746 (−75.3%)
- Period
- 3 months ended 30/09/2026
Auditor's review
Conclusion: Unmodified
Notes to the results
- The company has discontinued its Paper manufacturing Business and engaged in Construction & Real Estate Development Business.
Board meeting and approvals
Saffron Industries Ltd held its board meeting on 03 November 2026 and approved the unaudited standalone financial results for the quarter and half year ended 30 September 2026. The results were recommended by the Audit Committee. The board also took on record the limited review report from Jagdish Khatri & Associates, Chartered Accountants.
Auditor's review
The limited review report records an unmodified conclusion. The auditors state that, based on their review conducted under Standard on Review Engagement (SRE) 2400, nothing has come to their attention that causes them to believe the accompanying statement of unaudited financial results is not disclosed in the manner required or contains any material misstatement. A limited review provides moderate assurance and is not an audit.
Results snapshot (standalone)
- Revenue from operations for the quarter ended 30 September 2026 was 87,654 lakh. The corresponding quarter had 81,032 lakh and the preceding quarter had 105,864 lakh.
- Total income was 88,019 lakh for the quarter, 194,677 lakh for the half year and 619,715 lakh for the year ended 31 March 2026.
- Total expenses were 82,143 lakh for the quarter and 176,743 lakh for the half year.
- Profit after tax was 5,876 lakh for the quarter, 17,934 lakh for the half year and 157,403 lakh for the year ended 31 March 2026.
- Earnings per share (basic and diluted, not annualised) was 0.062 for the quarter and 0.250 for the half year.
Balance sheet and cash flow
- As at 30 September 2026, total assets were 1145.774 lakh and total liabilities were 1947.166 lakh. Total equity is shown as (801.392) lakh.
- Cash and cash equivalents at the end of the period were 98.097 lakh.
- Cash flow from operating activities was 185.380 lakh for the period.
Segments and business note
- Segment revenue for the quarter was 0.365 lakh from Paper Manufacturing and 87,654 lakh from Real Estate Development.
- Segment results before interest were 0.365 lakh from Paper Manufacturing and 5.511 lakh from Real Estate Development, totalling 5.876 lakh.
- The notes state the company has discontinued its paper manufacturing business and is engaged in construction and real estate development.
What this means
The update gives a standalone view of the quarter and half year. The auditor's limited review conclusion is unmodified, meaning the review did not identify a material misstatement. Profit after tax for the quarter was lower than both the preceding quarter and the corresponding quarter, while revenue from operations was higher than the corresponding quarter but lower than the preceding quarter. The company's stated business focus is now construction and real estate development.
Also from Saffron Industries
Board meeting on 3 November 2026 to consider unaudited results for quarter and half year ended 30 September 2026
27 Oct 2026
More numbers
- Revenue from operations, Q2 standalone87,654 (in Lakhs)
- Total income, Q2 standalone88,019 (in Lakhs)
- Profit after tax, Q2 standalone5,876 (in Lakhs)
- Total expenses, Q2 standalone82,143 (in Lakhs)
- Earnings per share, Q2 standalone0.062
- Paid up equity share capital718.520 (in Lakhs)
- Total assets as at 30 September 20261145.774 (in Lakhs)
- Profit after tax, half year standalone17,934 (in Lakhs)
- Total income, latest quarter88.019 (Rs. in Lakhs)
- Total income, year-ago quarter81.032 (Rs. in Lakhs)
- Total income, previous quarter106.658 (Rs. in Lakhs)
- Total comprehensive income, latest quarter5.876 (Rs. in Lakhs)
- Total comprehensive income, year-ago quarter23.746 (Rs. in Lakhs)
- Total comprehensive income, previous quarter12.058 (Rs. in Lakhs)
- Profit after tax, latest quarter5.876 (Rs. in Lakhs)
- Profit after tax, year-ago quarter23.746 (Rs. in Lakhs)
- Profit after tax, previous quarter12.058 (Rs. in Lakhs)
- Revenue from operations, latest quarter87.654 (Rs. in Lakhs)
- Revenue from operations, year-ago quarter81.032 (Rs. in Lakhs)
- Revenue from operations, previous quarter105.864 (Rs. in Lakhs)
- Profit before tax, latest quarter5.876 (Rs. in Lakhs)
- Profit before tax, year-ago quarter23.746 (Rs. in Lakhs)
- Profit before tax, previous quarter12.058 (Rs. in Lakhs)
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