Summary of Key Information:
Reporting Period: Quarter and Half Year Ended September 30, 2026
Nature of Filing / Announcement: Regulatory filing under SEBI LODR Regulations
Audit Opinion:
Limited Review Report - Unmodified opinion with Emphasis of Matter
Auditor’s Comment:
Auditors drew attention to significant uncertainties regarding subsidiary Open Elite Developers Limited, which has accumulated losses of ₹902.35 crore resulting in negative net worth, casting doubt on its going concern status. However, financial statements are prepared on going concern basis due to comfort provided by holding company.
Key Financial Highlights [₹ in Crores]:
Consolidated Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹680.86 crore (Q2 FY25: ₹604.91 crore | YoY: +12.55%)
- Total Income: ₹685.44 crore (Q2 FY25: ₹608.85 crore)
- EBITDA: Not explicitly disclosed
- Net Profit: ₹418.00 crore (Q2 FY25: ₹767.33 crore | YoY: -45.53%)
- EPS: ₹4.92 (Basic and Diluted)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹2,152.81 crore (H1 FY25: ₹1,820.05 crore | YoY: +18.28%)
- Total Income: ₹2,173.50 crore (H1 FY25: ₹1,833.13 crore)
- Net Profit: ₹1,529.26 crore (H1 FY25: ₹1,710.34 crore | YoY: -10.59%)
- EPS: ₹18.01 (Basic and Diluted)
Financial Position as of September 30, 2026:
- Cash and Cash Equivalents: ₹476.42 crore
- Debt:
- Borrowings (Other than Debentures): ₹977.53 crore
- Debentures: ₹63.80 crore
- Subordinated Liabilities: ₹2,189.56 crore
- Total Debt: ₹3,230.89 crore
- Other Equity: ₹18,638.97 crore
Standalone Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹670.14 crore
- Total Income: ₹670.27 crore
- Net Profit: ₹444.58 crore
- EPS: ₹5.24 (Basic and Diluted)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹2,118.36 crore
- Total Income: ₹2,123.22 crore
- Net Profit: ₹1,559.39 crore
- EPS: ₹18.35 (Basic) / ₹18.36 (Diluted)
Financial Position as of September 30, 2026:
- Cash and Cash Equivalents: ₹373.97 crore
- Investments: ₹18,794.11 crore
- Loans: ₹2,201.19 crore
- Total Assets: ₹22,470.19 crore
Segment-wise Performance [₹ in Crores]:
Q2 FY26 Segment Revenue:
- Investment Activity: ₹348.63 crore
- Lending Activity: ₹320.71 crore
- Rental Business: ₹4.02 crore
- ARC: ₹12.08 crore
Q2 FY26 Segment Result:
- Investment Activity: ₹256.99 crore profit
- Lending Activity: ₹236.96 crore profit
- Rental Business: ₹0.52 crore profit
- ARC: ₹5.72 crore profit
Segment Assets as of September 30, 2026:
- Investment Activity: ₹18,583.66 crore
- Lending Activity: ₹3,719.76 crore
- Rental Business: ₹282.97 crore
- ARC: ₹633.47 crore
Corporate Actions:
- Bonus Issue: Company allotted 67,93,80,400 bonus equity shares (face value ₹1/- each) on January 14, 2026
- ESOP: Company granted 19,80,000 stock options under ESOP Scheme 2025 on April 17, 2026
- Dividend: Not declared for the period
Entities Included in Consolidation:
Subsidiaries:
1. Open Elite Developers Limited (Wholly owned)
2. Authum Asset Management Company Private Limited (Wholly owned)
3. Prime Tek Consultants Private Limited (Wholly owned)
4. Authum Foundation (Wholly owned)
5. Billion Dreams Sports Private Limited (Wholly owned)
6. Wind Crest Reality Private Limited (Wholly owned from July 6, 2026)
7. India SME Asset Reconstruction Company Limited (Subsidiary)
Associate:
1. Rival Labs Private Limited (Associate)
Other Significant Information:
- Previous period figures have been regrouped wherever necessary
- The financial results have been prepared in accordance with Ind AS 34 and RBI guidelines
- Audit Committee reviewed and recommended the results before board approval
- The statement includes limited review reports from joint statutory auditors