Board approves unaudited Q2 and H1 results; auditors issue unmodified limited review
Board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, at its meeting held November 04, 2026 (04:00 p.m. to 11:30 p.m. IST).
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 8,023.18 | 5,597.03 | +43.3% | 6,474.89 | +23.9% |
| Total income | 8,118.15 | 5,618.16 | +44.5% | 6,631.61 | +22.4% |
| Profit before tax | 631.79 | 131.76 | +380% | 419.08 | +50.8% |
| Profit after tax | 508.35 | 103.72 | +390% | 324.93 | +56.4% |
| Total comprehensive income | 490.31 | 102.99 | +376% | 321.36 | +52.6% |
| Basic EPS | 4.42 | 0.90 | +391% | 2.83 | +56.2% |
- Profit after tax YoY growth
- +390%
- Period
- 30th Sep'26 (Unaudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- Nava Raipur Business Hub Pvt Ltd, incorporated 24-07-2025 as subsidiary, became an associate w.e.f. 21-02-2026; equity method used, so consolidated Sep 2025 quarter/half-year data is non-comparable.
What the board approved
- The Board met on Wednesday, November 04, 2026, from 04:00 p.m. to 11:30 p.m. IST and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
- The Audit Committee reviewed, and the Board approved, the results at their respective meetings held on that date.
- The results are unaudited; the statutory auditors carried out a limited review of them.
What the auditor said
- APAS & Co LLP, Chartered Accountants, issued a limited review report stating that nothing has come to their attention that causes them to believe the statements misstate, or omit disclosures required under, the listing regulations.
- A limited review is narrower in scope than an audit, and the auditors do not express an audit opinion.
- Other matter flagged in the consolidated review: the Group's share of net loss after tax of Rs. 0.06 lakh for the quarter and Rs. 0.07 lakh for the half year in respect of the associate Nava Raipur Business Hub Private Limited was not reviewed by the auditors; management states it is not material to the Group.
Standalone quarter, September 2026 (Rs. lakh)
- Revenue from operations: 8,023.18, against 6,474.89 in the June 2026 quarter and 5,597.03 in the September 2025 quarter.
- Total income: 8,118.15
- Total expenditure: 7,486.36
- Profit before tax: 631.79
- Profit for the period: 508.41, against 324.94 in the June 2026 quarter and 121.57 a year earlier.
- Earnings per share: basic Rs. 4.42, diluted Rs. 4.40.
Standalone half year (Rs. lakh)
- Revenue from operations: 14,498.07 (previous half year 10,571.70)
- Total income: 14,749.76
- Profit before tax: 1,050.87
- Profit for the period: 833.35 (previous half year 308.23)
- Earnings per share: basic Rs. 7.25, diluted Rs. 7.22.
Where the money came from (standalone segments, September 2026 quarter, Rs. lakh)
- 3PL Business revenue 7,546.50; segment result 858.46.
- Retail Trading Business revenue 476.68; segment result 22.26.
- For the half year, 3PL revenue 13,538.63 and Retail Trading revenue 959.44.
Consolidated view (Rs. lakh)
- Revenue from operations 8,023.18; Profit for the period 508.35; share of loss of associates (0.06); total comprehensive income 490.31.
- The company states that Nava Raipur Business Hub Private Limited moved from subsidiary to associate with effect from 21-02-2026 and is now accounted by the equity method, so the September 2025 comparatives are not comparable on a peer-to-peer basis.
Balance sheet and cash (standalone)
- Total assets as at 30.09.2026: 30,280.75; total equity 4,823.48; non-current liabilities 16,754.46; current liabilities 8,702.81.
- Net cash from operating activities in the half year: 3,026.86; investing (1,710.75); financing (1,288.80); net increase in cash and cash equivalents 27.31; closing cash and cash equivalents 113.70.
What this is, in plain terms
This update is the company's quarterly earnings release. On the standalone numbers printed, both Revenue from operations and Profit for the period for the September 2026 quarter are higher than in the September 2025 quarter, and the auditors' review conclusion is unmodified. The figures remain unaudited and reviewed, and the segment note shows the logistics business contributing most of the revenue and profit.
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2 Nov 2026
Board meeting on November 04, 2026 to consider September quarter and half year results
31 Oct 2026
More numbers
- Profit for the period, standalone, Sept 2026 quarter (Rs. lakh)508.41
- Profit for the period, standalone, Sept 2025 quarter (Rs. lakh)121.57
- Total income, standalone, half year ended Sept 2026 (Rs. lakh)14,749.76
- Profit for the period, standalone, half year ended Sept 2026 (Rs. lakh)833.35
- Total income, latest quarter8,118.15 (Rs. Lakhs)
- Total income, year-ago quarter5,618.16 (Rs. Lakhs)
- Total income, previous quarter6,631.61 (Rs. Lakhs)
- Total comprehensive income, latest quarter490.31 (Rs. Lakhs)
- Total comprehensive income, year-ago quarter102.99 (Rs. Lakhs)
- Total comprehensive income, previous quarter321.36 (Rs. Lakhs)
- Profit after tax, latest quarter508.35 (Rs. Lakhs)
- Profit after tax, year-ago quarter103.72 (Rs. Lakhs)
- Profit after tax, previous quarter324.93 (Rs. Lakhs)
- Revenue from operations, latest quarter8,023.18 (Rs. Lakhs)
- Revenue from operations, year-ago quarter5,597.03 (Rs. Lakhs)
- Revenue from operations, previous quarter6,474.89 (Rs. Lakhs)
- Profit before tax, latest quarter631.79 (Rs. Lakhs)
- Profit before tax, year-ago quarter131.76 (Rs. Lakhs)
- Profit before tax, previous quarter419.08 (Rs. Lakhs)
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