Board Meeting Details

The Board meeting was held at the Registered Office at B1-305, Westgate Business Bay, SG Highway, Ahmedabad - 380 015, commencing at 2:00 PM and concluding at 7:00 PM on November 3, 2026.

Financial Results Overview

Quarter Ended September 30, 2026 (Q2 FY2027):

  • Revenue from Operations: ₹1,163.22 lakhs
  • Other Income: Not specified
  • Total Revenue: ₹4,163.22 lakhs (including operational revenue)
  • Total Expenses: ₹3,991.67 lakhs
  • Profit Before Tax: ₹171.55 lakhs
  • Tax Expenses: Not specified
  • Net Profit for the period: ₹171.55 lakhs
  • Basic EPS: ₹0.03
  • Diluted EPS: ₹0.03

Quarter Ended June 30, 2026 (Q1 FY2027):

  • Revenue from Operations: ₹921.66 lakhs
  • Other Income: Not specified
  • Total Revenue: ₹921.66 lakhs
  • Total Expenses: ₹768.40 lakhs
  • Profit Before Tax: ₹153.26 lakhs
  • Tax Expenses: ₹33.53 lakhs (Current Tax: ₹39.94 lakhs, Tax of Earlier Years: ₹6.41 lakhs credit)
  • Net Profit for the period: ₹119.73 lakhs
  • Basic EPS: ₹0.07
  • Diluted EPS: ₹0.07

Half Year Ended September 30, 2026 (H1 FY2027):

  • Revenue from Operations: ₹5,084.88 lakhs (Year-to-date)
  • Other Income: Not specified
  • Total Revenue: ₹5,084.88 lakhs
  • Total Expenses: ₹4,760.24 lakhs
  • Profit Before Tax: ₹324.64 lakhs
  • Tax Expenses: ₹75.13 lakhs
  • Net Profit for the period: ₹249.51 lakhs
  • Basic EPS: ₹0.04
  • Diluted EPS: ₹0.04

Comparative Performance

Quarter Ended September 30, 2025 (Q2 FY2026):

  • Revenue from Operations: ₹1,965.40 lakhs
  • Other Income: ₹0.04 lakhs
  • Total Revenue: ₹1,965.44 lakhs
  • Total Expenses: ₹1,863.38 lakhs
  • Profit Before Tax: ₹102.06 lakhs
  • Tax Expenses: ₹13.27 lakhs
  • Net Profit for the period: ₹88.79 lakhs
  • Basic EPS: ₹0.06
  • Diluted EPS: ₹0.06

Half Year Ended September 30, 2025 (H1 FY2026):

  • Revenue from Operations: ₹2,531.44 lakhs
  • Other Income: ₹20.23 lakhs
  • Total Revenue: ₹2,551.67 lakhs
  • Total Expenses: ₹2,385.77 lakhs
  • Profit Before Tax: ₹165.90 lakhs
  • Tax Expenses: ₹17.15 lakhs
  • Net Profit for the period: ₹148.75 lakhs
  • Basic EPS: ₹0.09
  • Diluted EPS: ₹0.09

Capital Structure Changes

  • Paid-up Equity Share Capital as of September 30, 2026: ₹6,406.00 lakhs (Face Value: ₹1.00 per share)
  • Previous periods (June 30, 2026, September 30, 2025, and March 31, 2026): ₹1,601.50 lakhs
  • This represents a significant increase in share capital during the current period

Balance Sheet Position (as at September 30, 2026)

Assets:

  • Total Assets: ₹7,231.85 lakhs
  • Non-Current Assets: ₹1,495.04 lakhs (Investments: ₹1,495.00 lakhs, Other non-current assets: ₹0.04 lakhs)
  • Current Assets: ₹5,736.81 lakhs (Inventories: ₹125.45 lakhs, Trade receivables: ₹5,489.57 lakhs, Cash and cash equivalents: ₹7.27 lakhs, Loans: ₹99.90 lakhs, Other current assets: ₹14.62 lakhs)

Liabilities and Equity:

  • Total Equity: ₹7,063.39 lakhs (Equity Share capital: ₹6,406.00 lakhs, Other Equity: ₹657.39 lakhs)
  • Non-current liabilities: ₹1.00 lakhs (Trade payables)
  • Current liabilities: ₹167.46 lakhs (Trade payables to micro/small enterprises: ₹25.42 lakhs, Other current liabilities: ₹2.29 lakhs, Provisions: ₹139.75 lakhs)

Cash Flow Statement (Six Months Ended September 30, 2026)

  • Cash Flow from Operating Activities: Negative ₹3,304.60 lakhs
  • Cash Flow from Investing Activities: Negative ₹1,495.00 lakhs (Purchase of Non-Current Investments)
  • Cash Flow from Financing Activities: Positive ₹4,799.50 lakhs (Issue of Share Capital: ₹4,804.50 lakhs, Repayment of Long Term Borrowing: ₹5.00 lakhs)
  • Net decrease in Cash and Cash Equivalents: ₹0.10 lakhs

Auditor's Review and Emphasis of Matter

The statutory auditors, Kapil Kumar Agarwal & Associates, issued a limited review report with an Emphasis of Matter regarding:

  • Balances of Trade Receivables, Trade Payables, Loans and Advances, and Borrowings are subject to confirmation and reconciliation
  • Direct confirmations from respective parties have not been received
  • Balances have not been reconciled with the Company's books of account
  • Sales and purchases verified based on management-provided data only
  • Adjustments required upon confirmation and reconciliation are not ascertainable