Key Financial Performance (Q2 FY27 vs. Q1 FY27 vs. Q2 FY26)

Quarterly Performance (₹ in Lakhs):

  • Total Income: ₹16.31 (Q2 FY27) vs. ₹120.41 (Q1 FY27) vs. ₹63.18 (Q2 FY26)
  • Profit/(Loss) before Tax: (₹31.91) loss (Q2 FY27) vs. ₹44.99 profit (Q1 FY27) vs. ₹36.24 profit (Q2 FY26)
  • Net Profit/(Loss) for the period: (₹7.39) loss (Q2 FY27) vs. ₹55.17 profit (Q1 FY27) vs. ₹36.33 profit (Q2 FY26)
  • Total Comprehensive Income: (₹15.99) loss (Q2 FY27) vs. ₹90.88 profit (Q1 FY27) vs. ₹19.90 profit (Q2 FY26)
  • Earnings Per Share (Basic & Diluted): (₹0.00) (Q2 FY27) vs. ₹0.01 (Q1 FY27) vs. ₹0.01 (Q2 FY26)

Half-Yearly Performance (HY FY27 vs. HY FY26):

  • Total Income: ₹136.72 (HY FY27) vs. ₹178.09 (HY FY26)
  • Profit before Tax: ₹13.08 (HY FY27) vs. ₹133.57 (HY FY26)
  • Net Profit for the period: ₹47.78 (HY FY27) vs. ₹133.75 (HY FY26)
  • Total Comprehensive Income: ₹74.89 (HY FY27) vs. ₹124.69 (HY FY26)
  • Earnings Per Share (Basic & Diluted): ₹0.01 (HY FY27) vs. ₹0.03 (HY FY26)

Revenue Breakdown (Q2 FY27)

  • Interest Income: ₹0.31
  • Dividend Income: ₹0.40
  • Gain/(Loss) from Trading in Shares, F&O Segment: (₹43.66) loss
  • Total Revenue from Operations: ₹16.31

Expense Highlights (Q2 FY27)

Key expenses that impacted profitability include:

  • Expected Credit Loss (ECL) Provision: ₹15.93 (This follows a significant ₹53.98 lakh provision in Q1 FY27)
  • Employee Benefits Expenses: ₹7.28
  • Other Expenses: ₹22.48
  • Finance Costs: ₹0.05
  • Depreciation & Amortization: ₹0.75

Tax Impact

  • Total Tax Expense: (₹24.52) (Credit, primarily due to a deferred tax credit of ₹24.51)

Balance Sheet Position (as of September 30, 2026)

Assets (₹ in Lakhs):

  • Total Assets: ₹7,267.88 (Increased from ₹5,655.68 on March 31, 2026)
  • Short Term Loans & Advances: ₹4,519.97 (Significant increase from ₹2,955.47)
  • Investments: ₹366.61
  • Other Financial Assets: ₹806.53
  • Inventories: ₹338.06
  • Deferred Tax Assets (Net): ₹1,091.57

Liabilities and Equity (₹ in Lakhs):

  • Total Liabilities: ₹2,752.91
  • Other Financial Liabilities: ₹2,735.23 (Increased from ₹1,196.23)
  • Provisions: ₹11.30
  • Paid-up Equity Share Capital: ₹3,982.96 (Face Value ₹10 per share)
  • Other Equity: ₹532.01

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net Cash from Operating Activities: ₹13.10
  • Net Cash used in Investing Activities: (₹36.22)
  • Net Cash used in Financing Activities: (₹0.12)
  • Net Decrease in Cash & Cash Equivalents: (₹23.24)
  • Closing Cash & Cash Equivalents: ₹30.91

Key drivers of cash flow include a significant increase in loans and advances (outflow of ₹1,564.49) and a major increase in other financial liabilities (inflow of ₹1,536.95).

Auditor's Limited Review Report

Auditor Firm: M/s Maheshwari & Co. Chartered Accountants (Firm Regn. No. 105834W)

Review Standard: Conducted per SRE 2410 issued by ICAI.

Conclusion: Based on their review, nothing has come to their attention that causes them to believe the statement contains any material misstatement.

Qualifications/Emphasis of Matter:

1. Balances in Trade Receivables, Loans and Advances, and Other Financial Liabilities are subject to confirmation/reconciliation. Subsequent adjustments may be required.

2. Critical Finding: Interest income has not been recognized on outstanding loans and advances amounting to ₹17,92,32,728 (₹1,792.33 lakh). The auditors state that no documents were provided to enable the crystallization of an interest rate on these advances, and thus they are unable to calculate the interest income that should be recognized.

Notes to Accounts

  • The company operates in a single business segment: "Finance & Investments".
  • The results are prepared in accordance with Ind AS 34 and SEBI LODR regulations.
  • Previous period figures have been regrouped/rearranged for comparability.