Board approves Q2 results, NIL security cover certificate; NCDs repaid in October 2026
Board meeting on Nov 02, 2026 (02:15 PM to 06:45 PM) approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 3 min read
- Standalone Q2 Revenue from Operations
- Rs. 781.27 crore
- Standalone Q2 Profit for the Period
- Rs. 30.84 crore
- Auditor Review Conclusion (MSKA & Associates LLP)
- unmodified
Headline
The board of the company met on November 02, 2026, from 02:15 PM to 06:45 PM, and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. A NIL certificate of Security Cover in respect of the company's Unsecured, Redeemable, Listed, Taxable Non-Convertible Debentures was also enclosed with the outcome.
Standalone results, quarter ended September 30, 2026 (Rs. crore)
- Revenue from operations: 781.27, against 666.80 in the same quarter last year and 760.92 in the June 2026 quarter.
- Total income: 792.37, against 674.49 a year earlier.
- Profit before tax: 42.15, against 15.82 a year earlier.
- Profit for the period: 30.84, against 5.65 a year earlier.
- Basic and diluted earnings per share: 2.82, against 0.52 a year earlier.
Standalone results, half year ended September 30, 2026 (Rs. crore)
- Revenue from operations: 1,542.19, against 1,301.43 in the same half last year.
- Total income: 1,566.92, against 1,317.47.
- Profit before tax: 100.90, against 23.87.
- Profit for the period: 74.78, against 16.35.
- Basic earnings per share: 6.85, against 1.50.
What sits inside the numbers
- The results for the quarter ended June 30, 2026 and the period ended September 30, 2026 include a gain of Rs. 6.26 crore on sale of certain land and building at Haridwar, Uttarakhand, earlier classified as assets held for sale.
- The results for the quarter and period ended September 30, 2025 had included a net loss of Rs. 7.84 crore on sale of certain land and buildings at Roorkee, Uttarakhand and Somapura Hobli, Bangalore.
- These gains and losses are shown as exceptional items, separate from operating profit.
Margins and balance sheet (standalone)
- Operating margin: 35.6% for the September 2026 quarter.
- Net profit margin: 3.9% for the September 2026 quarter.
- Net worth: Rs. 2,976.72 crore as at September 30, 2026, against Rs. 2,912.18 crore as at March 31, 2026.
- Total assets: Rs. 4,191.72 crore.
- Debt equity ratio: 0.16 times; interest service coverage ratio: 4.45 times; current ratio: 0.87 times.
Cash flow, half year (standalone)
- Net cash generated from operating activities: Rs. 81.25 crore, against Rs. 57.18 crore in the same half last year.
- Repayment of Non-convertible debentures including interest: Rs. 188.88 crore.
Other decisions and disclosures taken on record
- The company has fully repaid its listed unsecured Non-Convertible Debentures along with accrued interest on October 06, 2026, after the close of the quarter.
- An amendment agreement dated October 01, 2026 with House of Kieraya Limited and its significant shareholders changed the status of House of Kieraya Limited from a jointly controlled entity to a subsidiary of the company with effect from October 01, 2026. The results of the quarter and period ended September 30, 2026 carry no impact from this change.
- The company states it is engaged in manufacturing products of the same type and class, and accordingly reports no separate business segments.
Auditor's review conclusion
MSKA & Associates LLP reviewed both the standalone and consolidated statements. Its conclusion is unmodified: based on the review, nothing has come to its attention that causes it to believe the statements have not disclosed the information required, or that they contain a material misstatement. A review is narrower in scope than a full audit and the auditor does not express an audit opinion.
How to read this
- The headline profit numbers cover the quarter and half year, so the half-year figures are the better measure of the period than the quarter alone.
- A part of the reported profit for the period comes from selling land, which is a one-period item and not a repeat of regular operations; the update places it under exceptional items.
- The auditor's conclusion speaks to the presentation and disclosure of the numbers, not to how the business will perform going forward.
- The NIL security cover certificate and the repayment of the debentures in October 2026 both relate to the company's listed non-convertible debentures.
Also from Sheela Foam
Sheela Foam Ltd press release, Q2 FY27
2 Nov 2026
Sheela Foam Q2 FY27: revenue up 19% to ₹ 1,045 cr, but EBITDA down 5% as margin slips to 8.0%
2 Nov 2026
Sheela Foam management discussed D2C growth, Curlon-Sleepwell brand integration, Forlenko furniture rental business and raw material cost pressures in an interview
27 Oct 2026
More numbers
- Revenue from operations, standalone, quarter ended Sep 30, 2026 (Rs. crore)781.27
- Total income, standalone, quarter ended Sep 30, 2026 (Rs. crore)792.37
- Profit for the period, standalone, quarter ended Sep 30, 2026 (Rs. crore)30.84
- Revenue from operations, standalone, half year ended Sep 30, 2026 (Rs. crore)1,542.19
- Profit for the period, standalone, half year ended Sep 30, 2026 (Rs. crore)74.78
- Net worth as at Sep 30, 2026 (Rs. crore)2,976.72
- Operating margin, standalone, quarter ended Sep 30, 202635.6%
- Exceptional gain on sale of land at Haridwar₹ 6.26 Crores
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.