Board approved Sep 2026 unaudited results; auditor's review conclusion unmodified with two emphasis of matter items
Board approved unaudited standalone results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 15.626 | 8.752 | +78.5% | 10.300 | +51.7% |
| Total income | 15.701 | 8.775 | +78.9% | 11.210 | +40.1% |
| Profit before tax | 0.486 | 0.011 | — | 1.290 | −62.3% |
| Profit after tax | 0.407 | 0.001 | — | 0.960 | −57.6% |
| Total comprehensive income | 0.407 | 0.001 | — | 0.960 | −57.6% |
| Basic EPS | 1.318 | 0.003 | — | 3.130 | −57.9% |
- Total income
- Latest 15.701; Year ago 8.775 (+78.9%); Prev qtr 11.210 (+40.1%)
- Profit after tax
- Latest 0.407; Year ago 0.001; Prev qtr 0.960 (−57.6%)
- Period
- QUARTER ENDED 30.09.2026 (Unaudited Reviewed)
Auditor's review
Conclusion: Unmodified
- Emphasis of matter: interest not provided on some loans taken; Rs 19,35,100/- for the quarter and Rs 38,49,166 for the half year ended September 30, 2026 not provided, departing from accrual basis.
- Emphasis of matter: loans given of Rs 3,14,20,700 carry no interest and are loss assets per RBI NBFC norms; no provision made, so profit overstated by Rs. 3,14,20,700.
- Auditor states its conclusion on the Statement is not modified in respect of these matters.
Board meeting outcome
- The board approved the unaudited standalone financial results for the quarter and half year ended September 30, 2026, at its meeting on 3 November 2026.
- The statutory auditor, Dhana & Associates, Chartered Accountants, issued a Limited Review Report on these results.
- The results are to be published in newspapers in the prescribed format and placed on the company's website.
What a limited review means
A limited review gives moderate assurance, not a full audit opinion. Here the auditor states that nothing came to their attention that causes them to believe the statement contains a material misstatement or misses required disclosures. The conclusion is not modified in respect of the two matters below, so these are emphasis of matter items rather than a qualification.
Emphasis of matter 1: interest not provided on some loans
- The company has taken various loans that were outstanding as on September 30, 2026.
- Management has not provided interest on some of these loans, which the auditor describes as a departure from the accrual basis of accounting.
- Amount not provided, per the company's records: ~Rs 19.35 lakh for the quarter ended September 30, 2026 and ~Rs 38.49 lakh for the half year ended September 30, 2026.
- Had this interest been provided, profits would have decreased by the same amount and the loan liability increased by the same amount.
Emphasis of matter 2: loans given without interest or provision
- Loans given to various parties were outstanding as on September 30, 2026 at ~Rs 3.14 crore.
- The company has not charged any interest on these loans; in the absence of interest, the auditor notes the loans are loss assets as per the NBFC guidelines issued by RBI.
- No provision for these loss assets has been made, which the auditor calls a departure from the NBFC guidelines.
- The company's records indicate profit is overstated by ~Rs. 3.14 crore, the provision for loss assets is understated by ~Rs. 3.14 crore and loan assets are overstated by ~Rs 3.14 crore for the period ended September 30, 2026.
Results snapshot (unaudited, standalone, Rs. in crore)
- Total Income: 15.701 for the quarter ended September 30, 2026 and 26.911 for the half year.
- Profit/(loss) for the period: 0.407 for the quarter and 1.367 for the half year.
- Earnings per equity share, basic and diluted: 1.318 for the quarter.
How a reader can look at it
The reviewed numbers were prepared before the interest on those borrowings and before any loss-asset provision on the loans given. The auditor has drawn attention to this so that the profit figure and the loan balances are read with those two amounts in mind; the review conclusion itself is unchanged.
Also from SPA Capital Services
Related party transaction disclosure said not applicable for half year ended September 30, 2026
3 Nov 2026
Board meeting on 03 November 2026 to consider September-quarter and half-year results
28 Oct 2026
Ms. Sonia Batra appointed Non-Executive Independent Director for 5 years from 30 September 2026
30 Sep 2026
More numbers
- Interest on some loans not provided - quarter ended Sep 30, 2026Rs 19,35,100
- Interest on some loans not provided - half year ended Sep 30, 2026Rs 38,49,166
- Loans given outstanding as on Sep 30, 2026, no interest chargedRs 3,14,20,700
- Total Income - half year ended Sep 30, 2026 (Rs. in crore)26.911
- Profit/(loss) for the period - half year ended Sep 30, 2026 (Rs. in crore)1.367
- Total income, latest quarter15.701 (Rs. In Crore)
- Total income, year-ago quarter8.775 (Rs. In Crore)
- Total income, previous quarter11.210 (Rs. In Crore)
- Total comprehensive income, latest quarter0.407 (Rs. In Crore)
- Total comprehensive income, year-ago quarter0.001 (Rs. In Crore)
- Total comprehensive income, previous quarter0.960 (Rs. In Crore)
- Profit after tax, latest quarter0.407 (Rs. In Crore)
- Profit after tax, year-ago quarter0.001 (Rs. In Crore)
- Profit after tax, previous quarter0.960 (Rs. In Crore)
- Revenue from operations, latest quarter15.626 (Rs. In Crore)
- Revenue from operations, year-ago quarter8.752 (Rs. In Crore)
- Revenue from operations, previous quarter10.300 (Rs. In Crore)
- Profit before tax, latest quarter0.486 (Rs. In Crore)
- Profit before tax, year-ago quarter0.011 (Rs. In Crore)
- Profit before tax, previous quarter1.290 (Rs. In Crore)
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.