Tilak Ventures503663Quarterly results

Board approves Q2 results; limited review finds no material misstatement

Board of Tilak Ventures met on 04 November 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, along with the Limited Review Report on them.

By ScoutQuest · Wed 4 Nov 2026, 5:40 PM IST · 3 min read

Consolidated · ₹ lakh · EPS in ₹
Line item	Latest	Year ago	YoY	Prev qtr	QoQ
Revenue from operations	296.460	631.330	−53%	648.703	−54.3%
Total income	453.166	866.300	−47.7%	893.565	−49.3%
Profit before tax	401.314	416.744	−3.7%	576.441	−30.4%
Profit after tax	297.342	338.652	−12.2%	431.508	−31.1%
Total comprehensive income	(342.426)	106.767	—	1,181.386	—
Basic EPS	0.022	0.076	−71.1%	0.032	−31.3%

Total income: Latest 453.166; Year ago 866.300 (−47.7%); Prev qtr 893.565 (−49.3%)
Profit after tax: Latest 297.342; Year ago 338.652 (−12.2%); Prev qtr 431.508 (−31.1%)
Period: 30.09.2026 Unaudited

Also decided at the meeting

Approved the Limited Review Report on the Unaudited Financial Results for the second quarter and half year ended 30th September, 2026.

Auditor's review

Conclusion: Unmodified

Other matter: statement includes interim financial results of 1 subsidiary, Tilak Jewels Limited, which are management certified and not material to the group; conclusion not modified in this respect.

Notes to the results

Consolidated results include the wholly owned subsidiary Tilak Jewels Limited, which incurred a net loss of Rs. 41,172 for the half year ended September 30, 2026.
Deferred tax amount will be made at the end of the Financial Year and hence not provided on the quarterly basis.

The board of Tilak Ventures met on 04 November 2026 from 03.00 p.m. to 05.15 p.m. and approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, and the Limited Review Report on those results. The statutory auditor is Pravin Chandak & Associates, Chartered Accountants.

Standalone results, quarter (Rs. in lakhs)

Total Revenue: 453.166, against 648.703 in the June 2026 quarter and 866.300 in the September 2025 quarter
Total Expenses: 51.440, against 317.124 and 449.555
Profit before tax: 401.726, against 576.441 and 416.744
Net Profit for the period after tax: 297.754, against 431.508 and 338.652
Basic EPS: 0.022, against 0.032 and 0.076

Standalone results, half year (Rs. in lakhs)

Total Revenue: 1,346.731, against 1,804.040 a year earlier
Net Profit for the period after tax: 729.262, against 559.774
Basic EPS: 0.055, against 0.126

Consolidated

Total Revenue for the quarter: 453.166 (Rs. in lakhs), the same as standalone
Net Profit for the period after tax: 297.342 for the quarter and 728.851 for the half year (previous half year 559.774)
Basic EPS: 0.022 for the quarter, 0.055 for the half year

The consolidated numbers include the wholly owned subsidiary Tilak Jewels Limited. The auditor notes that the subsidiary's interim financial results are management certified and, according to management, are not material to the group. The subsidiary incurred a net loss of Rs. 41,172 for the half year ended 30 September 2026.

What the auditor said

The review was done under the Standard on Review Engagement (SRE) 2410. A review is not an audit, gives less assurance than an audit, and the auditor does not express an audit opinion. On that basis, the auditor states that nothing came to their attention that causes them to believe the statement has not disclosed the required information or contains any material misstatement. The conclusion is not modified in respect of reliance on the management-certified interim information of the subsidiary.

Segment picture (standalone, Rs. in lakhs)

The company reports two segments, commodity business and finance business
Segment revenue from the finance business: 296.460 in the quarter, against 183.330 a year earlier
Segment revenue from the commodity business: nil in the quarter, against 448.000 a year earlier
Segment result, commodity business: 74.585, against 94.088
Segment result, finance business: 200.650, against 104.344
Total capital employed: 23,976.633

Balance sheet and cash (standalone, Rs. in lakhs)

Total assets: 24,061.372 as at 30 September 2026, against 23,183.016 as at 31 March 2026
Total equity: 23,976.633, against 23,137.261
Borrowings: nil on both dates
Net cash flow from operating activities: 247.897, against a net outflow of 190.147 a year earlier
Closing cash and cash equivalents: 1,905.818, against an opening balance of 2,829.685

How to read this

The quarter's Total Revenue and Net Profit for the period after tax are lower than both the immediately preceding quarter and the same quarter last year, while the half year's Net Profit for the period after tax is higher than a year earlier at 729.262 lakhs against 559.774
The equity base of 13,370.904 lakhs carries a comparatively large investment portfolio of 17,020.736 lakhs (standalone), so reported profit is sensitive to fair-value movements in those holdings
The auditor's report is a limited review, and the subsidiary's numbers relied upon are management certified

₹728.851 lakhConsolidated Net Profit for the period after tax, half year (Rs. in Lakhs

Profit after tax, quarter431.508 (Rs. In Lakhs)

Consolidated Net Profit for the period after tax, (Rs. in Lakhs₹297.342 lakh

Consolidated Net Profit for the period after tax, half year (Rs. in Lakhs ₹728.851 lakh: Profit after tax, quarter 431.508 (Rs. In Lakhs), Consolidated Net Profit for the period after tax, (Rs. in Lakhs ₹297.342 lakh.

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