Revised Q2/H1 FY26 results: Rs.165.31 Lakhs tax provision corrected in consolidated net profit
Revised Q2/H1 FY26 result shared: a typographical error left the tax provision of Rs.165.31 Lakhs out of the consolidated column, now corrected in consolidated net profit after tax.
By ScoutQuest · · 2 min read
- Tax provision corrected
- Rs.165.31 Lakhs
- Quarter revenue from operations
- 36417.64 Lakhs
- Profit for the period
- 377.29 Lakhs
What this update is
The company has submitted a revised Integrated update (Financial) for the quarter and six months ended 30 September 2026. The revision was needed because of a typographical error: the tax provision in the consolidated column was left out. That tax provision of Rs.165.31 Lakhs has now been placed in the three-month and six-month columns in the consolidated net profit after tax. The company says nothing else in the results or the attached statements changes from the update referred to as made on 03.11.2026, and that a revised Related Party Transactions statement is enclosed along with these results.
Quarter and half-year numbers (₹ in Lakhs)
- Revenue from operations: 36417.64 for the quarter.
- Profit for the period: 377.29 for the quarter and 491.52 for the half year.
Right Issue completed in the quarter
- 16,84,24,218 equity shares were issued.
- The price was Rs.11.86 per Equity Share.
- The issue aggregated to Rs. 19975.11 Lakhs.
Chip plant bought by the subsidiary
- Sumeet Speciality Chips Limited, a wholly owned subsidiary, acquired the Phase-3 Chips Manufacturing Plant of Nakoda Limited (in liquidation) through the liquidation process under the Insolvency and Bankruptcy Code, 2016.
- The company has funded the subsidiary with an unsecured loan, repayable on demand, of ₹2,777.56 lakhs as at 30 September 2026.
Points a retail reader may find useful
- The revision is about where a tax line sits in the consolidated column; tax is deducted before arriving at the profit a company finally keeps, so it directly affects that final number.
- The Right Issue brought fresh equity money into the company during the quarter.
- The statutory auditors' review report carries an Emphasis of Matter drawing attention to the subsidiary's plant purchase and the funding given to it. An Emphasis of Matter is a pointer to a disclosure, not a qualification of the accounts.
- The results were reviewed by the Audit Committee and approved by the Board on 3 November 2026, and a limited review was carried out by the statutory auditors.
Also from Sumeet Industries
Revised related party transactions statement re-shared for the quarter and half year ended September 2026
4 Nov 2026
Q2/H1 FY27 results: revenue up, profit lower than a year ago; right issue and chips plant acquisition
3 Nov 2026
Board approves unaudited Q2 and H1 results; right issue of Rs.19975.11 lakhs subscribed 2.5 times
3 Nov 2026
More numbers
- Tax provision corrected in consolidated columnRs.165.31 Lakhs
- Revenue from operations, quarter ended 30/09/2636417.64 (₹ in Lakhs)
- Profit for the period, quarter377.29 (₹ in Lakhs)
- Profit for the period, half year491.52 (₹ in Lakhs)
- Right Issue shares issued16,84,24,218 Nos.
- Right Issue amountRs. 19975.11 Lakhs
- Right Issue price per equity shareRs.11.86 per Equity Share
- Unsecured loan to Sumeet Speciality Chips Ltd₹2,777.56 lakhs
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