Key Financial Results (Quarter Ended September 30, 2026)

  • Revenue from operations: (₹171.75 lakhs) - negative revenue
  • Other income: ₹22.48 lakhs
  • Profit & Loss on Sale of Investment: (₹5.37 lakhs)
  • Total income: (₹154.64 lakhs)
  • Total expenses: ₹27.24 lakhs (Employee benefits: ₹12.54 lakhs, Other expenses: ₹14.70 lakhs)
  • Profit before tax: (₹181.88 lakhs)
  • Tax expense: Nil
  • Net profit: (₹181.88 lakhs)
  • Basic and diluted EPS: (₹3.64) per share of face value ₹10

Half-Year Performance (April-September 2026)

  • Revenue from operations: ₹74.55 lakhs
  • Other income: ₹25.70 lakhs
  • Profit & Loss on Sale of Investment: (₹0.40 lakhs)
  • Total income: ₹99.85 lakhs
  • Total expenses: ₹54.76 lakhs
  • Profit before tax: ₹45.09 lakhs
  • Net profit: ₹45.09 lakhs
  • Basic and diluted EPS: ₹0.90 per share

Comparative Performance

  • Q2 FY2026 vs Q1 FY2026: Net profit declined from ₹226.97 lakhs to (₹181.88 lakhs)
  • Q2 FY2026 vs Q2 FY2025: Net profit declined from (₹17.62 lakhs) to (₹181.88 lakhs)
  • H1 FY2026 vs H1 FY2025: Net profit declined from ₹113.33 lakhs to ₹45.09 lakhs

Balance Sheet Position (as at September 30, 2026)

  • Total assets: ₹2,130.15 lakhs (Previous: ₹2,109.62 lakhs as at March 31, 2026)
  • Non-current assets: ₹1,345.14 lakhs (Investments: ₹950.69 lakhs, Property plant & equipment: ₹78.94 lakhs)
  • Current assets: ₹785.01 lakhs (Inventories: ₹589.56 lakhs, Cash & cash equivalents: ₹50.93 lakhs)
  • Equity: ₹1,978.50 lakhs (Share capital: ₹500.00 lakhs, Other equity: ₹1,478.50 lakhs)
  • Liabilities: ₹151.65 lakhs (Current liabilities: ₹134.32 lakhs, Non-current liabilities: ₹17.33 lakhs)

Cash Flow Statement (H1 FY2026)

  • Cash flow from operating activities: ₹95.57 lakhs
  • Cash flow from investing activities: (₹64.57 lakhs) primarily due to increase in investments
  • Net increase in cash & cash equivalents: ₹31.00 lakhs
  • Closing cash balance: ₹50.93 lakhs (Cash in hand: ₹10.41 lakhs, Cash at bank: ₹40.52 lakhs)

Corporate Governance Matters

  • Trading window was closed for designated persons from October 1, 2026, and reopened after results declaration on November 14, 2026
  • Change in designation of Mr. Ajit Kochar as Managing Director was approved by the Board, subject to shareholder ratification in ensuing general meeting
  • Board meeting duration: 11:30 AM to 12:40 PM on November 14, 2026

Auditor's Review Report

Statutory auditors P D Randar and Co. issued a qualified review report noting:

  • No adjustment entries passed for depreciation
  • No provision made for income tax
  • The review was conducted in accordance with SRE 2410 standards

Segment Information

The company operates in Share Broking & Depository services segment only. Segment reporting under Ind AS 108 is not applicable as there are no separate reportable segments.