Board approves results, independent director appointment, committee re-constitution; adopts new logo
Board approved the appointment of Pankaj Mehta as Non-Executive Independent Director for 3 consecutive years from Dec 1, 2026, subject to shareholder approval.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 7,170.14 | 6,972.83 | +2.8% | 7,095.25 | +1.1% |
| Total income | 7,451.34 | 7,121.30 | +4.6% | 7,315.88 | +1.9% |
| Profit before tax | 2,056.10 | 2,194.21 | −6.3% | 1,950.62 | +5.4% |
| Profit after tax | 1,533.80 | 1,662.28 | −7.7% | 1,449.69 | +5.8% |
| Total comprehensive income | 1,543.29 | 1,662.00 | −7.1% | 1,429.72 | +7.9% |
| Basic EPS | 13.09 | 14.87 | −12% | 12.37 | +5.8% |
- Total income
- Latest 7,451.34; Year ago 7,121.30 (+4.6%); Prev qtr 7,315.88 (+1.9%)
- Profit after tax
- Latest 1,533.80; Year ago 1,662.28 (−7.7%); Prev qtr 1,449.69 (+5.8%)
- Period
- Quarter ended September 30, 2026 (Unaudited)
Also decided at the meeting
- Appointed Mr. Pankaj Mehta (DIN: 10691620) as Additional Director (Non-Executive Independent) for 3 consecutive years w.e.f. December 01, 2026, subject to shareholder approval.
- Re-constituted the Audit, Nomination and Remuneration, Stakeholder Relationship and CSR Committees with effect from November 03, 2026.
- Adopted a new company logo as part of strategic rebranding; to be phased in, with application for trademark registration under Trademarks Act, 1999.
Auditor's review
Conclusion: Unmodified
- Emphasis of matter: internal control design needs strengthening commensurate with growing business size (Note 5).
- Emphasis of matter: balances of loans & advances, receivables, payables, advances etc. subject to confirmation/reconciliation (Note 6).
- Emphasis of matter: accrued/provisional revenue for IP lease rental and fibre business recognised on management estimates, final tax invoices yet to be raised (Note 8).
- Emphasis of matter: loans to related parties; no independent arm's length price report obtained (Note 9); voluntary accounting policy change (Note 12).
Notes to the results
- Accrued/provisional income recognised under Revenue from Operations for IP lease rental and fibre business, mainly from a government customer; final tax invoice and GST to follow (Note 8).
- Effective April 1, 2026, electricity and diesel reimbursements presented gross in Revenue from Operations and Cost of Material Consumed; comparatives restated, no impact on PBT, PAT or EPS (Note 12).
- Statement includes subsidiary Lotus Tele Infra Private Limited in which the company holds 95% stake (Note 7).
Results at a glance
The board approved unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2026, along with the statutory auditors' limited review report. On a consolidated basis, Revenue from operations was Rs. 7,170.14 lakh for the quarter and Rs. 14,265.38 lakh for the half year. Profit for the period was Rs. 1,533.80 lakh for the quarter and Rs. 2,983.50 lakh for the half year. Profit before tax for the half year was Rs. 4,006.73 lakh. The update also includes the consolidated balance sheet and cash flow statement.
Board and committees
- The board approved the appointment of Pankaj Mehta as an Additional Director in the capacity of Non-Executive Independent Director for 3 consecutive years with effect from December 01, 2026, subject to shareholder approval.
- The Audit Committee is chaired by Udaya Shankar Panda, with Subhashita Lature and Aarati Savur as members.
- The Nomination and Remuneration Committee, Stakeholder Relationship Committee and Corporate Social Responsibility Committee were re-constituted with effect from November 03, 2026.
Auditor's review
The limited review report carries an opinion that is not modified. It includes emphasis-of-matter notes on:
- strengthening internal control design as the business grows;
- balances in loans and advances, trade receivables, trade payables and other items being subject to confirmation, reconciliation and adjustment;
- accrued or provisional income recognised under Revenue from Operations for the IP lease rental and fibre business, including a major government customer, pending final tax invoices and completion of defined procedures;
- loans to related parties where an independent arm's-length price report was not obtained; management says the terms are comparable to those with unrelated parties;
- a voluntary accounting policy change for electricity and diesel reimbursements, from net to gross presentation, with retrospective restatement and no impact on PBT, PAT, net worth or EPS.
Rebranding
- The board adopted a new logo as part of a strategic rebranding and corporate identity initiative.
- The company says there is no change in the nature of business or services; it proposes to apply for trademark registration of the new logo.
- The new logo will be adopted in phases, and the existing and new logo will be used concurrently during the transition.
Subsidiary
The consolidated statement includes Lotus Tele Infra Private Limited, in which the company has a 95% stake.
What to watch
The reported top line and profit are the main financial takeaway. The auditor's opinion is not modified in respect of these matters, but the emphasis notes flag areas to track: internal controls, confirmation of balances, revenue recognised on management estimates and related-party loan pricing.
Also from Suyog Telematics
Board adopts new logo for rebranding; also approves Q2 and H1 results
3 Nov 2026
Q2 FY27 results approved, new independent director, committee re-constitution and new logo
3 Nov 2026
Q2 results approved; Pankaj Mehta named Non-Executive Independent Director
3 Nov 2026
More numbers
- Consolidated Revenue from operations, half year ended Sep 30, 2026 (Rs. in lakhs)14,265.38
- Consolidated Profit for the period, half year ended Sep 30, 2026 (Rs. in lakhs)2,983.50
- Consolidated Profit before tax, half year ended Sep 30, 2026 (Rs. in lakhs)4,006.73
- Term as Non-Executive Independent Director3 (three) consecutive years
- Stake in Lotus Tele Infra Private Limited95%
- Total income, latest quarter7,451.34 (Rs. In Lakhs)
- Total income, year-ago quarter7,121.30 (Rs. In Lakhs)
- Total income, previous quarter7,315.88 (Rs. In Lakhs)
- Total comprehensive income, latest quarter1,543.29 (Rs. In Lakhs)
- Total comprehensive income, year-ago quarter1,662.00 (Rs. In Lakhs)
- Total comprehensive income, previous quarter1,429.72 (Rs. In Lakhs)
- Profit after tax, latest quarter1,533.80 (Rs. In Lakhs)
- Profit after tax, year-ago quarter1,662.28 (Rs. In Lakhs)
- Profit after tax, previous quarter1,449.69 (Rs. In Lakhs)
- Revenue from operations, latest quarter7,170.14 (Rs. In Lakhs)
- Revenue from operations, year-ago quarter6,972.83 (Rs. In Lakhs)
- Revenue from operations, previous quarter7,095.25 (Rs. In Lakhs)
- Profit before tax, latest quarter2,056.10 (Rs. In Lakhs)
- Profit before tax, year-ago quarter2,194.21 (Rs. In Lakhs)
- Profit before tax, previous quarter1,950.62 (Rs. In Lakhs)
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.