TCC Concept512038Quarterly results
Board approves Q2 results; auditor's standalone conclusion qualified over ₹9.32 crore receivables
Board approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, with the auditor's limited review report.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 13,366.81 | 2,693.11 | +396% | 12,827.80 | +4.2% |
| Total income | 13,652.40 | 2,878.84 | +374% | 13,129.62 | +4% |
| Profit before tax | 1,897.75 | 1,527.69 | +24.2% | 1,202.61 | +57.8% |
| Profit after tax | 2,477.12 | 1,042.27 | +138% | 1,264.50 | +95.9% |
| Total comprehensive income | 2,485.11 | 1,042.27 | +138% | 1,262.05 | +96.9% |
| Basic EPS | 0.99 | 0.59 | +67.8% | 0.52 | +90.4% |
- Total income
- Latest 13,652.40; Year ago 2,878.84 (+374%); Prev qtr 13,129.62 (+4%)
- Profit after tax
- Latest 2,477.12; Year ago 1,042.27 (+138%); Prev qtr 1,264.50 (+95.9%)
- Period
- September 30, 2026 (Unaudited)
Auditor's review
Conclusion: Qualified
- Basis of qualified conclusion: trade receivables of the Holding Company include ₹9.32 crore outstanding since beginning of year; no sufficient evidence on recoverability/ECL assessment.
- Emphasis of matter: Pepperfry Limited recognised unbilled revenue of Rs 3795.90 Lakh during the quarter ended September 30, 2026, relying on management completion certificates and customer confirmation.
Notes to the results
- Equity shares sub-divided from face value ₹10/- to ₹2/- effective September 4, 2026; issued shares increased from 4,75,28,061 to 23,76,40,305.
- Board approved Scheme of Amalgamation of wholly owned subsidiary Altrr Software Services Limited into the Company; application shared with NCLT on September 10, 2026.
Results approved at the November 4, 2026 board meeting
The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. Statutory auditors Mehra Goel & Co. LLP issued a Limited Review Report on both sets. These are reviewed figures, not audited figures.
Standalone performance (₹ lakh)
- Revenue from operations for the quarter: 1,463.36, against 1,374.91 in the same quarter a year earlier.
- Other income: 132.95; Total income: 1,596.31.
- Total expenses: 889.80, which includes employee benefit expense of 398.10 and finance costs of 79.29.
- Profit before tax: 706.51; Tax expense: 200.29; Profit for the period: 506.22.
- For the half year, Revenue from operations was 3,175.71 and Profit for the period 1,554.71.
- Earnings per share for the quarter: basic 0.21, diluted 0.20, on a face value of ₹2 each.
Balance sheet as at September 30, 2026 (₹ lakh)
- Total assets: 1,54,453.20; Total equity: 1,49,915.03.
- Investments: 1,42,515.09; Trade receivables: 3,196.97, against 2,254.65 as at March 31, 2026.
- Non-current borrowings: 986.14.
Cash flow (₹ lakh, period ended September 30, 2026)
- Net cash generated from / (used in) operating activities: (627.40), compared with 848.71 generated in the same period a year earlier.
- Net cash from investing activities: 50.92; from financing activities: 353.79.
- Cash and cash equivalents at the end of the period: 66.20.
What the auditor flagged
- The standalone conclusion is qualified. Trade receivables as at September 30, 2026 include ₹9.32 crore of receivables outstanding since the beginning of the year. The auditor says it was not provided sufficient appropriate evidence, such as external third party direct balance confirmations or subsequent receipts, to support management's assessment, and is unable to comment on the recoverability of these receivables and the consequential impact.
- The consolidated review carries an Emphasis of Matter: Pepperfry Limited recognised unbilled revenue of Rs 3795.90 Lakh in the quarter ended September 30, 2026, with management of the view that the performance obligations were satisfied.
- Other Matters: the auditors did not review the interim financial results of four subsidiaries; that financial information reflects total assets of ₹44,314.16 Lakh, revenues of ₹2877.39 lakh and ₹5,362.47 lakh, net profit after tax of ₹1,162.75 lakh and ₹1,219.07 lakh, and net cash outflow of ₹129.81 lakh for the period from April 1, 2026 to September 30, 2026.
Other decisions noted in the update
- The sub-division of equity shares from a face value of ₹10/- per share to ₹2/- per share became effective from September 4, 2026; the number of issued equity shares rose from 4,75,28,061 to 23,76,40,305, while the authorised, issued and paid-up share capital stayed unchanged.
- The board approved a Scheme of Amalgamation for the merger of its wholly owned subsidiary ALTRR Software Services Limited into the company; the application seeking approval was shared with the NCLT on September 10, 2026.
- The company operates in a single reportable segment on a standalone basis: Brokerage & Other Services.
How to read this
The standalone quarterly Profit for the period of 506.22 comes against 926.20 in the same quarter a year earlier, a period when employee benefit expense and finance costs were sharply lower. The qualified conclusion is about a receivable balance the auditor could not independently verify, which affects how much assurance the reviewed numbers carry. The consolidated picture includes an Emphasis of Matter on unbilled revenue recognised at Pepperfry Limited and reliance on other auditors for four subsidiaries.
2,477.12 (₹ in lakhs)Profit after tax, latest quarter
Profit after tax, quarter1,264.50 (₹ in lakhs)
Profit before tax, quarter1,202.61 (₹ in lakhs)
Also from TCC Concept
Board meeting on November 4, 2026 to take up September quarter and half year results
29 Oct 2026
More numbers
- Revenue from operations (standalone, quarter ended Sept 30, 2026)1,463.36
- Total income (standalone, quarter ended Sept 30, 2026)1,596.31
- Profit for the period (standalone, quarter ended Sept 30, 2026)506.22
- Profit for the period (standalone, half year ended Sept 30, 2026)1,554.71
- Trade receivables outstanding since beginning of year₹9.32 crore
- Trade receivables as at Sept 30, 2026 (standalone)3,196.97
- Unbilled revenue recognised by Pepperfry Limited (consolidated)Rs 3795.90 Lakh
- Issued equity shares after sub-division23,76,40,305
- Total income, latest quarter13,652.40 (₹ in lakhs)
- Total income, year-ago quarter2,878.84 (₹ in lakhs)
- Total income, previous quarter13,129.62 (₹ in lakhs)
- Total comprehensive income, latest quarter2,485.11 (₹ in lakhs)
- Total comprehensive income, year-ago quarter1,042.27 (₹ in lakhs)
- Total comprehensive income, previous quarter1,262.05 (₹ in lakhs)
- Profit after tax, latest quarter2,477.12 (₹ in lakhs)
- Profit after tax, year-ago quarter1,042.27 (₹ in lakhs)
- Profit after tax, previous quarter1,264.50 (₹ in lakhs)
- Revenue from operations, latest quarter13,366.81 (₹ in lakhs)
- Revenue from operations, year-ago quarter2,693.11 (₹ in lakhs)
- Revenue from operations, previous quarter12,827.80 (₹ in lakhs)
- Profit before tax, latest quarter1,897.75 (₹ in lakhs)
- Profit before tax, year-ago quarter1,527.69 (₹ in lakhs)
- Profit before tax, previous quarter1,202.61 (₹ in lakhs)
Source: BSE · 4 Nov 2026
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