Q2 and H1 FY27 results approved; auditors' limited review conclusion unmodified
Board meeting of 3 November 2026 considered and approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,528.04 | 2,057.44 | −25.7% | 1,432.36 | +6.7% |
| Total income | 1,722.46 | 2,076.44 | −17% | 1,898.32 | −9.3% |
| Profit before tax | 875.88 | 1,526.27 | −42.6% | 1,373.76 | −36.2% |
| Profit after tax | 589.83 | 1,106.77 | −46.7% | 1,042.10 | −43.4% |
| Total comprehensive income | 581.92 | 1,068.02 | −45.5% | 1,042.10 | −44.2% |
| Basic EPS | 5.54 | 10.39 | −46.7% | 9.87 | −43.9% |
- Total income YoY change
- Year ago 2,076.44 (−17%)
- Profit after tax YoY change
- Latest 589.83 vs Year ago 1,106.77 (−46.7%)
- Period
- 30.09.2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
What the board approved
- The board met on 3 November 2026 and considered and approved the unaudited standalone and consolidated financial results for the second quarter and half year ended 30 September 2026.
- The limited review reports from the statutory auditors, Jaimin Deliwala & Co., Chartered Accountants (FRN 0103861W), were placed along with the results; the audit committee reviewed and recommended them.
- The results are being made available on the stock exchange websites and on the company's website.
What the auditors concluded
- The conclusion is unmodified: nothing has come to their attention that causes them to believe that the statements are not prepared in accordance with the applicable accounting standards, or that they contain any material misstatement.
- A limited review is narrower than a full audit: it relies mainly on enquiries of company personnel and analytical procedures, and the auditors state that they do not express an audit opinion.
- For the consolidated statement, the interim financial information of one subsidiary was reviewed by another auditor, and the auditors state that their conclusion is not modified in respect of those matters.
Standalone numbers, half year ended 30 September 2026 (amounts in Rs. lakhs)
- 'Net Profit before taxation and extra-ordinary items': 2,368.48, against 3,415.81 in the half year ended 30 September 2025.
- 'Net cash used in operating activities': 2,601.90, against 1,105.00 in the same half year a year earlier.
- These are the parent company's own figures, before the subsidiaries are added in.
The subsidiaries inside the consolidated numbers
- First subsidiary listed: total assets Rs. 1,28,86,844/-; profit after tax Rs. 11,29,951/- for the half year ended 30 September 2026.
- Second subsidiary listed: a loss after tax for the quarter and for the half year.
- Third subsidiary listed: total assets Rs. 58,64,88,806/-; loss after tax Rs. (1,02,27,893)/- for the half year. Its interim financial information was reviewed by another auditor.
- Fourth subsidiary listed: a loss after tax for the quarter and for the half year.
Points to keep in mind
- These are unaudited results that have been through a limited review, not a full audit.
- The consolidated statement covers the parent plus four subsidiaries, each named in the review report.
- The quarter's figures are balancing figures between the half-year figures and the three months ended 30 June 2026.
- Money in the standalone cash flow statement is stated in Rs. lakhs, while the subsidiary figures in the review report are stated in rupees.
In simple terms
The board has cleared the company's July-September quarter and April-September half-year numbers, and the auditors' review did not lead them to flag any material misstatement, so the reporting itself is clean. On the standalone side, the half-year 'Net Profit before taxation and extra-ordinary items' printed in the cash flow statement is lower than a year earlier, and more cash was used in operating activities. Within the group, the subsidiary results are mixed, with profit at one entity and losses at the others, and one subsidiary's figures were reviewed by a separate auditor.
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More numbers
- Net Profit before taxation and extra-ordinary items, standalone H1 FY27 (Rs. lakhs)2,368.48
- Same line item, standalone H1 FY26 (Rs. lakhs)3,415.81
- Net cash used in operating activities, standalone H1 FY27 (Rs. lakhs)2,601.90
- Net cash used in operating activities, standalone H1 FY26 (Rs. lakhs)1,105.00
- Total assets of third subsidiary listed in consolidated reviewRs. 58,64,88,806/-
- Loss after tax of third subsidiary, half yearRs. (1,02,27,893)/-
- Total assets of first subsidiary listed in consolidated reviewRs. 1,28,86,844/-
- Profit after tax of first subsidiary, half yearRs. 11,29,951/-
- Total income, latest quarter1,722.46 (Rs. in Lacs)
- Total income, year-ago quarter2,076.44 (Rs. in Lacs)
- Total income, previous quarter1,898.32 (Rs. in Lacs)
- Total comprehensive income, latest quarter581.92 (Rs. in Lacs)
- Total comprehensive income, year-ago quarter1,068.02 (Rs. in Lacs)
- Total comprehensive income, previous quarter1,042.10 (Rs. in Lacs)
- Profit after tax, latest quarter589.83 (Rs. in Lacs)
- Profit after tax, year-ago quarter1,106.77 (Rs. in Lacs)
- Profit after tax, previous quarter1,042.10 (Rs. in Lacs)
- Revenue from operations, latest quarter1,528.04 (Rs. in Lacs)
- Revenue from operations, year-ago quarter2,057.44 (Rs. in Lacs)
- Revenue from operations, previous quarter1,432.36 (Rs. in Lacs)
- Profit before tax, latest quarter875.88 (Rs. in Lacs)
- Profit before tax, year-ago quarter1,526.27 (Rs. in Lacs)
- Profit before tax, previous quarter1,373.76 (Rs. in Lacs)
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