Speciality Restaurants534425Quarterly results
Board approves Q2 and H1 FY27 results; auditors' limited review finds no material misstatement
Board of Speciality Restaurants met on November 03, 2026 and approved standalone and consolidated unaudited results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 13,583.27 | 11,643.80 | +16.7% | 12,703.21 | +6.9% |
| Total income | 13,996.70 | 11,998.98 | +16.6% | 13,130.01 | +6.6% |
| Profit before tax | 878.90 | 554.32 | +58.6% | 944.73 | −7% |
| Profit after tax | 681.40 | 446.55 | +52.6% | 711.03 | −4.2% |
| Total comprehensive income | 690.40 | 477.52 | +44.6% | 673.30 | +2.5% |
| Basic EPS | 1.43 | 0.96 | +49% | 1.45 | −1.4% |
- Profit after tax YoY
- 446.55 (+52.6%)
- Period
- Quarter Ended 30.09.2026
Auditor's review
Conclusion: Unmodified
- Other matter: one subsidiary's interim results not reviewed and four subsidiaries' information unreviewed/unaudited, furnished by management; not material. Conclusion not modified.
Notes to the results
- Exceptional cost for year ended 31 March 2026 of ₹ 334.38 Lakhs on account of past period employee benefit liability under the New Labour Codes.
- ED issued Provisional Attachment Order No. 22/2026 under PMLA attaching ₹14.50 crores of forfeited warrant money; Company challenged it via Writ Petition WPA 30396 of 2026 at Calcutta High Court.
- Company committed AED 5,00,000 (500 shares of AED 1,000) in WOS Speciality Restaurants L.L.C-FZ, which opened a bank account with ENBD Dubai on 29 July 2026.
What the board approved
The Board of Directors met on November 03, 2026 (commenced 3:50 p.m. IST, concluded 5:45 p.m. IST) and approved the standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2026, along with the limited review reports of the statutory auditors.
Auditor's conclusion
- Singhhi & Co. (Firm Reg. No. 302049E) carried out a limited review, not an audit, and does not express an audit opinion.
- Their conclusion: nothing came to their attention that causes them to believe the statements contain any material misstatement or fail to disclose what Regulation 33 requires.
- For the consolidated results, the conclusion is not modified in respect of subsidiaries whose interim financial information was not reviewed or audited by them; management stated that information is not material to the Group.
Standalone numbers (Amounts in ₹ Lakhs)
- Revenue from operations: 12,977.51 for the quarter, 25,139.21 for the half year.
- Total income: 13,379.98 for the quarter, 25,959.61 for the half year.
- Profit before tax: 891.92 for the quarter, 1,814.33 for the half year.
- Profit after tax: 694.42 for the quarter, 1,383.13 for the half year.
- Basic earnings per share: 1.44 for the quarter, 2.87 for the half year.
- For reference, the year-ago quarter (30.09.2025) standalone Profit after tax was 476.45.
Consolidated numbers (Amounts in ₹ Lakhs)
- Revenue from operations: 13,583.27 for the quarter, 26,286.48 for the half year.
- Profit after tax: 681.40 for the quarter, 1,392.43 for the half year.
- Basic earnings per share: 1.43 for the quarter, 2.88 for the half year.
Enforcement Directorate note
- During 2023-25 the Company made a preferential issue of warrants convertible into equity shares to 24 investors; certain warrant holders did not pay the balance subscription money and their warrants were forfeited.
- The Company later learnt that 5 of those investors were under investigation by the Directorate of Enforcement under the Prevention of Money Laundering Act, 2002.
- The ED has issued a Provisional Attachment Order No. 22/2026 dated September 25, 2026 under Section 5(1) of the PMLA, provisionally attaching an amount aggregating to ₹14.50 crores held in an account maintained by the Company, being part of the forfeited amount.
- The Company clarifies it is neither a party to the investigation nor named as an accused, and that the order pertains solely to that amount.
- The Company has challenged the order by update Writ Petition WPA 30396 of 2026 before the Hon'ble High Court at Calcutta; the matter is pending adjudication.
Other points from the notes
- The Company has committed AED 1,000 each towards 500 shares amounting to AED 5,00,000 in wholly owned subsidiary Speciality Restaurants L.L.C-FZ, incorporated on 20 November 2025; the subsidiary opened a bank account with ENBD at Dubai on 29th July, 2026.
- The business runs casual dining restaurants and confectionery outlets, operates in one reportable segment, and predominantly in India.
- Cash flow statement for the half year (standalone, ₹ Lakhs) shows net cash inflows from operating activities of 5,109.18 and net cash used in investing activities of 1,944.08.
What investors may watch
- The writ petition against the provisional attachment, and whether the attached amount stays restricted in the company's account.
- The auditor's note that the interim financial information of certain subsidiaries was not reviewed by them and was furnished by management.
Takeaway: This is primarily a quarterly and half-year results update. Standalone Profit after tax for the quarter was 694.42 Lakhs against 476.45 Lakhs in the year-ago quarter, and the limited review did not flag a material misstatement; the ED attachment note is a separate disclosure the company says does not name it as an accused.
1,383.13 (Amounts in ₹ Lakhs)Standalone Profit after tax, half year ended 30.09.
Standalone Profit after tax, quarter ended 30.09.694.42 (Amounts in ₹ Lakhs)
Profit after tax, latest quarter681.40 (₹ in Lakhs)
Also from Speciality Restaurants
New restaurant WALTERS launched at Malad West, Mumbai
28 Oct 2026
Speciality Restaurants to hold Q2FY27 results conference call on November 4, 2026, hosted by ICICI Securities
28 Oct 2026
Board meeting on November 3, 2026 to consider September quarter results
23 Oct 2026
More numbers
- Standalone Revenue from operations, quarter ended 30.09.202612,977.51 (Amounts in ₹ Lakhs)
- Standalone Total income, quarter ended 30.09.202613,379.98 (Amounts in ₹ Lakhs)
- Standalone Profit after tax, quarter ended 30.09.2026694.42 (Amounts in ₹ Lakhs)
- Standalone Profit after tax, half year ended 30.09.20261,383.13 (Amounts in ₹ Lakhs)
- Consolidated Revenue from operations, quarter ended 30.09.202613,583.27 (Amounts in ₹ Lakhs)
- Consolidated Profit after tax, quarter ended 30.09.2026681.40 (Amounts in ₹ Lakhs)
- Amount provisionally attached by ED order₹14.50 crores
- Investors to whom warrants were issued24 investors
- Total income, latest quarter13,996.70 (₹ in Lakhs)
- Total income, year-ago quarter11,998.98 (₹ in Lakhs)
- Total income, previous quarter13,130.01 (₹ in Lakhs)
- Total comprehensive income, latest quarter690.40 (₹ in Lakhs)
- Total comprehensive income, year-ago quarter477.52 (₹ in Lakhs)
- Total comprehensive income, previous quarter673.30 (₹ in Lakhs)
- Profit after tax, latest quarter681.40 (₹ in Lakhs)
- Profit after tax, year-ago quarter446.55 (₹ in Lakhs)
- Profit after tax, previous quarter711.03 (₹ in Lakhs)
- Revenue from operations, latest quarter13,583.27 (₹ in Lakhs)
- Revenue from operations, year-ago quarter11,643.80 (₹ in Lakhs)
- Revenue from operations, previous quarter12,703.21 (₹ in Lakhs)
- Profit before tax, latest quarter878.90 (₹ in Lakhs)
- Profit before tax, year-ago quarter554.32 (₹ in Lakhs)
- Profit before tax, previous quarter944.73 (₹ in Lakhs)
Source: BSE · 3 Nov 2026
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