Financial Results Highlights (Standalone)

Income Statement (₹ in lakhs):

  • Quarter Ended September 30, 2026: Total Income: ₹292.16 (Revenue from Operations: ₹263.11, Other Income: ₹29.05); Profit Before Tax: ₹116.22; Profit for the Period: ₹88.06
  • Quarter Ended June 30, 2026: Total Income: ₹662.88 (all from Revenue from Operations); Profit Before Tax: ₹551.99; Profit for the Period: ₹419.39
  • Half Year Ended September 30, 2026: Total Income: ₹955.03; Profit Before Tax: ₹668.21; Profit for the Period: ₹507.46
  • Comparative Half Year Ended September 30, 2025: Total Income: ₹309.07; Profit Before Tax: ₹56.94; Profit for the Period: ₹42.14

Earnings Per Share (Face Value of ₹10, not annualized):

  • Basic and Diluted EPS for H1 FY27: ₹0.82
  • Basic and Diluted EPS for Q2 FY27: ₹0.14
  • Number of shares (basic and diluted): 61,828,000

Cash Flow Statement (Standalone, H1 FY27):

  • Net cash used in operating activities: ₹(1,529.92) lakhs
  • Net cash used in investing activities: ₹(18.89) lakhs
  • Net cash from financing activities: ₹959.46 lakhs (Proceeds from borrowings: ₹467.03 lakhs; Proceeds from Rights Issue: ₹911.13 lakhs; Redemption of Preference shares: ₹(418.70) lakhs)
  • Net decrease in cash and cash equivalents: ₹(589.35) lakhs
  • Cash and cash equivalents at end of period: ₹11.06 lakhs

Balance Sheet (Standalone, as of September 30, 2026):

  • Total Assets: ₹6,802.68 lakhs
  • Current Assets: ₹6,280.35 lakhs (including Trade Receivables: ₹2,476.80 lakhs; Cash and cash equivalents: ₹11.06 lakhs; Other current assets: ₹3,792.49 lakhs)
  • Non-current Assets: ₹522.33 lakhs (including Investments: ₹311.38 lakhs)
  • Total Equity: ₹5,437.57 lakhs (Equity share capital: ₹4,227.81 lakhs)
  • Current Liabilities: ₹1,365.11 lakhs (including Borrowings: ₹628.20 lakhs; Trade payables: ₹23.11 lakhs)

Auditor's Qualified Review Report

Statutory Auditors K. Gopal Rao & Co. issued a qualified review report with the following basis for qualified conclusion:

1. Trade Receivables of ₹2,476.80 lakhs include long outstanding amounts with no ageing schedule available and no adequate provision for expected credit loss recognized. Impact cannot be determined.

2. Current tax (net) balance of ₹380.02 lakhs under current assets is subject to reconciliation. Effect is not quantifiable.

3. Investment in subsidiary at historical cost of ₹311.38 lakhs has not been assessed for fair value or impairment. Impact cannot be determined.

Emphasis of Matter:

1. Note 7 regarding receivables of ₹20.00 crores from Ryuklabs converted to investments in I Agent - necessary verification and compliances could not be made, impact could not be assessed.

2. Balance confirmation for trade payables of ₹23.11 lakhs has not been provided, restricting ability to assess actual liability.

Consolidated Results

Consolidated results include subsidiary Aspire Communications Private Limited, which contributed nil revenue and nil profit for the quarter. Consolidated figures are identical to standalone results for all material items.

Significant Transactions and Notes

1. Receivables amounting to ₹20.00 crores from Ryuklabs have been converted into an investment in "I Agent" with necessary documentation under execution and regulatory compliances in progress.

2. The company completed a Rights Issue during the period, raising ₹911.13 lakhs.

3. Preference shares were redeemed for ₹418.70 lakhs during the period.

4. The company increased borrowings by ₹467.03 lakhs during H1 FY27.