Board approves consolidated Q2 results; auditor's review conclusion unmodified
Board met on November 3, 2026 and approved the consolidated unaudited results for the quarter and half year ended 30 September 2026, after Audit Committee review.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 19,813 | 9,742 | +103% | 29,692 | −33.3% |
| Total income | 22,185 | 10,748 | +106% | 31,689 | −30% |
| Profit before tax | 4,858 | (2,512) | — | 8,949 | −45.7% |
| Profit after tax | 5,048 | (2,573) | — | 8,134 | −37.9% |
| Total comprehensive income | 5,808 | (1,977) | — | 8,025 | −27.6% |
| Basic EPS | 19.79 | (10.81) | — | 31.95 | −38.1% |
- Total income
- Latest 22,185; Year ago 10,748 (+106%); Prev qtr 31,689 (−30%)
- Profit after tax
- Latest 5,048; Year ago (2,573); Prev qtr 8,134 (−37.9%)
- Period
- September 30, 2026 (Unaudited)
Also decided at the meeting
- Re-appointed M/s MCS Share Transfer Agent Limited as Registrar and Share Transfer Agent for a further period of three years, effective from December 01, 2026.
Auditor's review
Conclusion: Unmodified
Notes to the results
- During the quarter, Group sold bulk carrier vessel Seamec Gallant for total consideration of Rs. 88.31 crores (net of sales commission) and recognised profit of Rs. 42.43 crores as an exceptional item.
The board of the company met on November 3, 2026 and approved the consolidated unaudited financial results for the quarter and half year ended 30 September 2026. The Audit Committee reviewed the results at its meeting held the same day.
Auditor's review conclusion
T R Chadha & Co LLP carried out a review, not an audit, and therefore does not express an audit opinion. Its conclusion is unmodified: nothing came to its attention that causes it to believe the statement is not prepared in accordance with the recognition and measurement principles of Ind AS 34, or that it contains any material misstatement. The auditor also states that the interim results of nine subsidiaries (including seven foreign subsidiaries, one of them an IFSC) were not reviewed by it; those were reviewed or certified by other auditors and by management, and the conclusion is not modified in respect of this matter.
Results at a glance (consolidated, unaudited, Rs. in lakhs)
- Revenue from operations: 19,813 for the quarter ended 30 September 2026, against 9,742 a year earlier; 49,505 for the half year, against 30,834.
- Total income: 22,185 for the quarter, against 10,748.
- Profit before exceptional items and tax: 615, against (2,512) - brackets as printed, denoting a negative amount.
- Profit for the period: 5,048 for the quarter, against (2,573); 13,181 for the half year, against 5,006.
- Basic and diluted earnings per share: 19.79 for the quarter, against (10.81).
One-off item behind the jump
During the quarter the Group sold a bulk carrier vessel, Seamec Gallant, for a total consideration of Rs. 88.31 crores (net of sales commission) and recognised a profit of Rs. 42.43 crores as an exceptional item. That is why "Profit before exceptional items and tax" of 615 and "Profit before tax" of 4,858 differ by the exceptional gain of 4,243.
Segment picture (quarter, Rs. in lakhs)
- Domestic segment revenue 13,819, overseas segment revenue 5,994.
- Domestic segment result (1,284), overseas segment result 5,117.
Balance-sheet anchor
Paid-up equity share capital is 2,543 lakhs, on shares of face value Rs. 10 each.
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More numbers
- Profit for the period, consolidated, half year ended 30 Sep 202613,181 lakhs
- Exceptional items gain, consolidated, quarter ended 30 Sep 20264,243 lakhs
- Total consideration, sale of vessel Seamec Gallant (net of sales commission)Rs. 88.31 crores
- Profit recognised on sale of vessel Seamec GallantRs. 42.43 crores
- Total income, latest quarter22,185 (₹ in lakhs)
- Total income, year-ago quarter10,748 (₹ in lakhs)
- Total income, previous quarter31,689 (₹ in lakhs)
- Total comprehensive income, latest quarter5,808 (₹ in lakhs)
- Total comprehensive income, year-ago quarter(1,977) (₹ in lakhs)
- Total comprehensive income, previous quarter8,025 (₹ in lakhs)
- Profit after tax, latest quarter5,048 (₹ in lakhs)
- Profit after tax, year-ago quarter(2,573) (₹ in lakhs)
- Profit after tax, previous quarter8,134 (₹ in lakhs)
- Revenue from operations, latest quarter19,813 (₹ in lakhs)
- Revenue from operations, year-ago quarter9,742 (₹ in lakhs)
- Revenue from operations, previous quarter29,692 (₹ in lakhs)
- Profit before tax, latest quarter4,858 (₹ in lakhs)
- Profit before tax, year-ago quarter(2,512) (₹ in lakhs)
- Profit before tax, previous quarter8,949 (₹ in lakhs)
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