Board Meeting Details
The Board of Directors meeting was held on November 6, 2026, from 11:30 AM to 2:00 PM IST. The board approved the unaudited financial results (standalone and consolidated) for the second quarter and half year ended September 30, 2026.
Financial Results Overview
Standalone Performance (₹ in crore):
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹643.78 (vs ₹362.63 in Q2 FY26)
- Other Income: ₹23.73
- Total Income: ₹667.51
- Total Expenses: ₹649.40
- Profit before tax: ₹18.01
- Tax Expense: ₹5.19
- Profit after tax: ₹12.82
- EPS: ₹0.62 (basic and diluted)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹1,054.58 (vs ₹740.47 in H1 FY26)
- Other Income: ₹46.85
- Total Income: ₹1,101.43
- Total Expenses: ₹1,072.29
- Profit before tax: ₹28.30
- Tax Expense: ₹8.48
- Profit after tax: ₹19.82
- EPS: ₹0.96 (basic and diluted)
Consolidated Performance (₹ in crore):
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹643.78
- Profit after tax: ₹12.93
- EPS: ₹0.63 (basic and diluted)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹1,054.58
- Profit after tax: ₹20.01
- EPS: ₹0.97 (basic and diluted)
Segment-wise Performance (H1 FY27)
Revenue:
- Real Estate: ₹74.83 crore
- Polyester: ₹938.82 crore
- Retail/Textile: ₹34.44 crore
Segment Results (Profit/Loss before tax and finance costs):
- Real Estate: ₹(23.73) crore
- Polyester: ₹21.62 crore
- Retail/Textile: ₹6.45 crore
Exceptional Items
Exceptional items of ₹0.84 crore for H1 FY27 represent provisions towards litigated matters pertaining to Real Estate.
Capital Structure
Paid-up equity share capital remains unchanged at ₹41.31 crore (face value ₹2 per share).
Subsidiary and Associate Companies
The consolidated results include:
- Subsidiary: P. T. Five Star Textile Indonesia (classified as discontinued operation)
- Associates: Bombay Dyeing Real Estate Company Limited and Pentafil Textile Dealers Limited
The foreign subsidiary's financial results (not reviewed by their auditors) reflect total assets of ₹1.03 crore and minimal financial impact.
Legal Matters
The disclosure references an ongoing SEBI matter where the Securities Appellate Tribunal set aside SEBI's order dated October 21, 2022. SEBI has appealed to the Supreme Court, which issued notice on July 13, 2026. Replies have been filed and the matter awaits listing.
Accounting Treatment
The company commenced recognition of revenue for its THREE ICC real estate project 'over time' based on contracts with customers. During the quarter, ₹27.53 crore (₹180.73 crore for H1) previously capitalized as land improvement cost/CWIP was transferred to Inventories - Work-in-Progress.
Auditor Review
The unaudited financial results were subjected to limited review by statutory auditors Bansi S. Mehta & Co., who issued an unmodified review report.