Key Financial Figures (Standalone)

Quarter Ended September 30, 2026 (Unaudited):

  • Total Income: ₹1,078.16 lakhs
  • Profit Before Tax: ₹682.13 lakhs
  • Total Tax Expense: ₹138.55 lakhs
  • Profit After Tax: ₹543.58 lakhs
  • Other Comprehensive Income/(Loss): ₹(0.66) lakhs
  • Total Comprehensive Income: ₹542.92 lakhs
  • Basic & Diluted EPS: ₹2.46

Half Year Ended September 30, 2026 (Unaudited):

  • Total Income: ₹3,719.33 lakhs
  • Profit Before Tax: ₹3,045.27 lakhs
  • Total Tax Expense: ₹698.63 lakhs
  • Profit After Tax: ₹2,346.64 lakhs
  • Other Comprehensive Income/(Loss): ₹3.55 lakhs
  • Total Comprehensive Income: ₹2,350.19 lakhs
  • Basic & Diluted EPS: ₹10.52

Comparative Figures (Quarter Ended September 30, 2025):

  • Profit After Tax: ₹(346.44) lakhs
  • EPS: ₹(1.54)

Key Financial Figures (Consolidated)

Quarter Ended September 30, 2026 (Unaudited):

  • Total Income: ₹1,120.22 lakhs
  • Profit After Tax: ₹666.07 lakhs
  • Total Comprehensive Income: ₹665.43 lakhs
  • Profit attributable to Owners: ₹631.44 lakhs

Half Year Ended September 30, 2026 (Unaudited):

  • Total Income: ₹3,805.54 lakhs
  • Profit After Tax: ₹2,089.88 lakhs
  • Total Comprehensive Income: ₹2,093.44 lakhs
  • Profit attributable to Owners: ₹2,162.43 lakhs

Assets and Liabilities (Standalone as of September 30, 2026)

  • Total Assets: ₹40,683.61 lakhs
  • Total Financial Assets: ₹38,680.50 lakhs (including Investments: ₹19,598.06 lakhs)
  • Total Equity: ₹39,940.52 lakhs
  • Paid-up Equity Share Capital: ₹2,092.47 lakhs
  • Other Equity: ₹37,848.05 lakhs

Cash Flow (Standalone - Half Year Ended September 30, 2026)

  • Net Cash from Operating Activities: ₹(4,521.81) lakhs
  • Net Cash from Investing Activities: ₹7,056.32 lakhs
  • Net Cash from Financing Activities: ₹(2,505.65) lakhs
  • Net Increase in Cash: ₹28.87 lakhs

Board Approvals

The Board of Directors at its meeting on October 31, 2026, approved:

1. The Unaudited Financial Results (Standalone & Consolidated) for the quarter and half year ended September 30, 2026.

2. The Statement of Assets & Liabilities and Cash Flow Statement for the half year.

3. The Limited Review Reports from the Statutory Auditors.

4. Borrowing of funds up to an aggregate limit of ₹200 Crores from banks, financial institutions, NBFCs, and/or other lenders, with or without security. The purpose is for carrying out principal business activities, including onward lending, financing, and meeting operational/working capital requirements. This is pursuant to shareholder approval obtained via a Special Resolution under Section 180(1)(c) of the Companies Act, 2013, at the AGM on September 17, 2026, which authorized borrowing up to ₹1,000 Crores.

Auditor's Review and Qualifications

The statutory auditors, Maharaj N R Suresh and Co LLP, issued an unmodified review opinion. However, they drew attention to Note 5 regarding the investment in subsidiary IITL Projects Limited.

  • As of September 30, 2026, the subsidiary's accumulated loss of ₹780.51 lakhs exceeds its paid-up capital, and its net worth stands fully eroded.
  • The subsidiary's total liabilities exceed its total assets.
  • The subsidiary is pursuing real estate-related services and earns income from that and bank deposit interest.
  • Due to inadequate cash flows to meet liabilities, the subsidiary is considered a non-going concern.
  • Consequently, its financial statements are prepared on a realizable value basis, with assets valued at realization value (if lower than cost) and all known liabilities fully provided for.
  • The parent company has fully provided for the diminution in the value of its investment in the subsidiary, amounting to ₹1,361.23 lakhs in equity shares and ₹350.00 lakhs in 7,000,000 Non-Convertible Redeemable Preference Shares of ₹50 each.

Corporate Action: Share Buyback

  • During the quarter, the company completed a buyback of 16,22,822 fully paid-up equity shares (face value ₹10 each) at a price of ₹150 per share.
  • The aggregate consideration was ₹24.34 Crores.
  • The company incurred ₹0.64 Crores in buyback expenses.
  • The total amount of ₹24.99 Crores was debited to the Securities Premium Account.
  • An amount of ₹1.62 Crores (nominal value of shares bought back) was transferred from Securities Premium to Capital Redemption Reserve.
  • The shares were extinguished on September 10, 2026.
  • Basic and diluted EPS for the current quarter/half-year are not comparable with previous periods due to this reduction in share capital.

Regulatory / Legal Matter

  • During the quarter, the Directorate of Enforcement, Delhi Zonal Office-I, issued a Provisional Attachment Order (No. 20 of 2026) under the Prevention of Money Laundering Act, 2002.
  • The order pertains to 29,46,341 equity shares of the company held by its promoter, M/s N.N. Financial Services Private Limited.
  • The company states it does not foresee any material impact on its financial position or operations arising from this order.

Other Information

  • The company is subject to Income Tax under sections 196/197/200 of the Income Tax Act 2025.
  • The Board meeting commenced at 3:20 p.m. and concluded at 5:45 p.m.
  • Previous year/period figures have been regrouped/reclassified where necessary.