Standalone Financial Performance (INR lakhs)

Quarter Ended September 30, 2026:

  • Total Income: ₹0.00 (compared to ₹30.00 in Q2 FY25)
  • Total Expenses: ₹123.43 (compared to ₹2.11 in Q2 FY25)
  • Loss Before Tax: ₹(123.42) (compared to profit of ₹27.89 in Q2 FY25)
  • Tax Expense: ₹2.93
  • Net Loss: ₹(126.35)
  • EPS: ₹(0.64)

Half Year Ended September 30, 2026:

  • Total Income: ₹23.69 (compared to ₹30.00 in H1 FY25)
  • Total Expenses: ₹208.74 (compared to ₹6.89 in H1 FY25)
  • Loss Before Tax: ₹(185.04) (compared to profit of ₹23.11 in H1 FY25)
  • Tax Expense: ₹2.93
  • Net Loss: ₹(187.97)
  • EPS: ₹(0.95)

Revenue Breakdown Standalone:

  • Revenue from operations: ₹0.00 for Q2 FY26 and H1 FY26 (₹30.00 in comparable periods)
  • Other income: ₹0.00 for Q2 FY26, ₹23.69 for H1 FY26

Expense Breakdown Standalone:

  • Employee benefits: ₹61.54 (Q2), ₹108.90 (H1)
  • Finance costs: ₹0.29 (Q2), ₹0.33 (H1)
  • Depreciation: ₹1.74 (Q2), ₹1.84 (H1)
  • Professional fees: ₹0.00 (Q2), ₹16.10 (H1)
  • Other expenses: ₹59.86 (Q2), ₹81.57 (H1)

Consolidated Financial Performance (INR lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹5,255.01
  • Other income: ₹1,278.49
  • Total Income: ₹6,533.51
  • Profit Before Tax: ₹422.68
  • Tax Expense: ₹155.42
  • Net Profit: ₹267.26
  • EPS: ₹0.38

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹6,254.21
  • Other income: ₹1,319.77
  • Total Income: ₹7,573.99
  • Profit Before Tax: ₹478.10
  • Tax Expense: ₹188.90
  • Net Profit: ₹289.20
  • EPS: ₹0.28

Consolidated Revenue Breakdown:

  • Purchases of stock-in-trade: ₹6,532.48 (H1)
  • Employee benefits: ₹373.14 (H1)
  • Finance costs: ₹10.81 (H1)
  • Depreciation: ₹28.58 (H1)
  • Professional fees: ₹16.10 (H1)
  • Other expenses: ₹341.05 (H1)

Net Profit Attribution:

  • Attributable to owners of parent: ₹55.38 (H1)
  • Attributable to non-controlling interest: ₹233.81 (H1)

Capital Structure

  • Paid-up equity share capital: ₹1,970.00 lakh (face value ₹10 each)
  • Other equity (standalone): ₹938.60 as of September 30, 2026 (₹1,155.18 as of March 31, 2026)
  • Other equity (consolidated): ₹1,181.95 as of September 30, 2026

Subsidiary Information

The consolidated results include two subsidiaries:

1. Fore Solutions Private Limited (51% Holding)

2. Kerner 7 Private Limited (Wholly Owned Subsidiary)

The subsidiaries contributed significantly to the consolidated results:

  • Total assets of subsidiaries: ₹9,977.07 lakh as of September 30, 2026
  • Total revenue (before consolidation adjustments): ₹6,254.21 lakh for H1 FY26
  • Net profit after tax (before consolidation adjustments): ₹477.17 lakh for H1 FY26
  • Net cash inflow: ₹1,342.91 lakh for the period April 1, 2026 to September 30, 2026

Assets and Liabilities Position

Standalone as of September 30, 2026:

  • Total Assets: ₹3,828.68 lakh
  • Non-current assets: ₹2,896.18 lakh (including investments ₹2,852.39 lakh)
  • Current assets: ₹932.49 lakh
  • Total Equity: ₹2,908.60 lakh
  • Non-current liabilities: ₹78.15 lakh
  • Current liabilities: ₹841.93 lakh

Consolidated as of September 30, 2026:

  • Total Assets: ₹13,012.03 lakh
  • Non-current assets: ₹5,252.61 lakh (including goodwill ₹2,022.76 lakh)
  • Current assets: ₹7,759.43 lakh
  • Total Equity: ₹4,180.93 lakh
  • Non-current liabilities: ₹431.32 lakh
  • Current liabilities: ₹8,399.78 lakh

Cash Flow Analysis

Standalone H1 FY26:

  • Net cash used in operating activities: ₹(100.15)
  • Net cash from investing activities: ₹134.15
  • Net cash used in financing activities: ₹(58.87)
  • Cash and cash equivalents at end: ₹34.12 lakh

Consolidated H1 FY26:

  • Net cash used in operating activities: ₹(290.55)
  • Net cash from investing activities: ₹2,759.86
  • Net cash used in financing activities: ₹(585.54)
  • Cash and cash equivalents at end: ₹1,942.77 lakh

Auditor Review

M Sahu & Co., Chartered Accountants (Firm Registration No. 130001W) issued unmodified limited review reports for both standalone and consolidated financial results. The review was conducted in accordance with SRE 2410 issued by ICAI.

Segment Information

The Company operates in a single segment; segment reporting under Ind AS 108 is not applicable.

Comparative Periods

Comparative figures for previous periods have been regrouped wherever necessary. The comparative financial results for quarter ended September 30, 2025, half year ended September 30, 2025, and year ended March 31, 2026 do not include the financial results of subsidiaries, as the Company did not have control over subsidiaries during those periods.