Board approves unaudited results for half year ended September 30, 2026; auditors' opinion unmodified
Board meeting held on October 30, 2026 approved the unaudited standalone and consolidated financial results for the half year ended September 30, 2026.
By ScoutQuest · · 2 min read
- Consolidated Revenue from operations
- 18300.75 lakh
- Profit from continuing operations
- 2108.58 lakh
- Basic EPS
- 8.55
What the board decided
The board of directors met on October 30, 2026 and approved the unaudited standalone and consolidated financial results for the half year ended September 30, 2026. Along with the results, the company submitted the auditors' limited review report and a disclosure on utilisation of issue proceeds raised through its initial public offer, up to September 30, 2026.
What the auditor said
- The limited review report was issued by Lakhankiya & Dosi LLP, Chartered Accountants.
- The auditors state that nothing has come to their attention that causes them to believe the statement contains any material misstatement, and their opinion on the consolidated results is not modified.
- The report notes that a review provides less assurance than an audit, and no audit opinion is expressed.
The results (consolidated, figures in lakh)
- Revenue from operations: 18300.75 for the half year, against 15111.36 for the half year ended September 30, 2025.
- Total income: 18329.24 against 15161.95.
- Profit (Loss) for the period from continuing operations: 2108.58 against 1471.63.
- Basic and diluted earnings per share: 8.55 each, against 7.76 each.
- Paid-up equity share capital: 2465.46; face value per share 10.00.
The joint venture
- The company's joint venture, True Colors Advanced Material Private Limited, was incorporated on September 15, 2026.
- It had no assets, liabilities, income or expenditure as at and for the period ended September 30, 2026, so the standalone and consolidated results are identical and consolidation has no impact on the figures.
- The company made an investment of Rs. 5.00 lakh in the joint venture in October 2026, after the reporting period.
Balance sheet snapshot (consolidated, figures in lakh)
- Total equity and liabilities: 33914.94 as at September 30, 2026, against 28665.82 as at March 31, 2026.
- Long-term borrowings: 3885.85 against 814.93.
- Short-term borrowings: 1561.86 against 3781.33.
- Trade receivables: 11602.59 against 11112.21.
- Inventories: 6153.71 against 4299.07.
- Cash and cash equivalents: 2163.56 against 127.02.
Cash flow (consolidated, figures in lakh)
- Net cash flows from operating activities: 2716.66.
- Net cash flows used in investing activities: (1313.71).
- Net cash flows from financing activities: 633.59.
Business notes from the update
- The company reports a single reportable segment, Digital Textile Printing Solutions.
- It states it is exempt from the compulsory requirement of adopting IND-AS, being listed on the SME exchange.
Points to keep in mind
- These are unaudited half-yearly results; they have been reviewed by the auditors, not audited.
- The comparative half-year figures for September 30, 2025 are also marked unaudited, while the March 31, 2026 column is audited.
Also from True Colors
True Colors schedules H1 FY27 earnings conference call for Monday, November 02, 2026 at 11:00 A.M
26 Oct 2026
Board meeting on 30 October 2026 to approve unaudited results for the half year ended 30 September 2026
26 Oct 2026
Secretarial Audit Firm Renamed; Terms, Tenure and Scope Unchanged
24 Sep 2026
More numbers
- Revenue from operations, consolidated, half year ended 30-09-202618300.75 (INR In Lakh)
- Total income, consolidated, half year ended 30-09-202618329.24 (INR In Lakh)
- Revenue from operations, consolidated, half year ended 30-09-202515111.36 (INR In Lakh)
- Profit (Loss) for the period from continuing operations, consolidated2108.58 (INR In Lakh)
- Basic earnings (loss) per share, consolidated8.55
- Face value of equity share capital (Per Share)10.00
- Investment made in the joint venture in October 2026Rs. 5.00 lakh
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