Board Meeting Details

The Board of Directors meeting was held on November 14, 2026, at 11:00 AM and concluded at 6:00 PM. The Audit Committee reviewed the results on the same date.

Financial Results - Standalone (Rs. in Lakhs)

Quarter Ended September 30, 2026

  • Revenue from operations: ₹3,663.48
  • Other income: ₹124.58
  • Total income: ₹3,688.06
  • Total expenses: ₹3,683.27
  • Profit before tax: ₹4.79
  • Tax expense: ₹(4.94) current tax, ₹5.88 deferred tax
  • Net profit: ₹3.85
  • Other comprehensive income: ₹4.69
  • Total comprehensive income: ₹8.53
  • Basic EPS: ₹0.01
  • Diluted EPS: ₹0.01

Half Year Ended September 30, 2026

  • Revenue from operations: ₹7,887.06
  • Other income: ₹203.07
  • Total income: ₹9,924.14
  • Total expenses: ₹7,783.72
  • Profit before tax: ₹2,140.42
  • Tax expense: ₹351.78 current tax, ₹(2.28) deferred tax
  • Net profit: ₹1,790.92
  • Other comprehensive income: ₹4.28
  • Total comprehensive income: ₹1,795.21
  • Basic EPS: ₹2.43
  • Diluted EPS: ₹2.43

Comparative Figures (Half Year Ended September 30, 2025)

  • Revenue from operations: ₹7,108.46
  • Other income: ₹224.88
  • Total income: ₹7,394.35
  • Total expenses: ₹7,676.03
  • Loss before tax: ₹(281.68)
  • Tax expense: ₹0 current tax, ₹(34.92) deferred tax
  • Net loss: ₹(246.76)
  • Other comprehensive income: ₹1.34
  • Total comprehensive loss: ₹(245.42)
  • Basic EPS: ₹(0.34)
  • Diluted EPS: ₹(0.39)

Balance Sheet - Standalone (As at September 30, 2026)

  • Total assets: ₹43,989.43 lakhs (Mar 31, 2026: ₹41,042.59 lakhs)
  • Inventories: ₹32,065.84 lakhs
  • Cash and cash equivalents: ₹620.23 lakhs
  • Total equity: ₹25,845.32 lakhs
  • Borrowings: ₹9,811.87 lakhs (non-current ₹3,421.49 + current ₹6,390.38)
  • Trade payables: ₹1,257.90 lakhs

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

  • Net cash from operating activities: ₹(818.81) lakhs
  • Net cash from investing activities: ₹1,047.80 lakhs
  • Net cash from financing activities: ₹(1,432.58) lakhs
  • Net decrease in cash: ₹(1,203.58) lakhs

Financial Results - Consolidated (Rs. in Lakhs)

Quarter Ended September 30, 2026

  • Revenue from operations: ₹3,587.70
  • Other income: ₹125.49
  • Total income: ₹3,713.19
  • Total expenses: ₹3,763.40
  • Loss before tax: ₹(50.30)
  • Tax expense: ₹(0.65) current tax, ₹5.34 deferred tax
  • Net loss: ₹(0.30)
  • Basic EPS: ₹(0.05)
  • Diluted EPS: ₹(0.09)

Half Year Ended September 30, 2026

  • Revenue from operations: ₹8,054.81
  • Other income: ₹203.65
  • Total income: ₹10,058.82
  • Total expenses: ₹8,059.12
  • Profit before tax: ₹2,022.20
  • Tax expense: ₹352.07 current tax, ₹(64.10) deferred tax
  • Net profit: ₹1,684.25
  • Basic EPS: ₹2.20
  • Diluted EPS: ₹2.79

Significant Events and Notes

Amalgamation

During the period, the Scheme of Merger of Lancor Maintenance and Services Limited (LMSL), the wholly owned subsidiary, with the Company received approval from NCLT Chennai. The appointed date is April 1, 2024, and it became effective on June 3, 2026. The amalgamation has been accounted for under the 'pooling of interest' method. The investment in LMSL (₹19.74 lakhs) was adjusted against equity share capital, with the difference recognized as Capital Reserve. Comparative figures have been restated accordingly.

The authorized capital of the Company increased to ₹1,906.00 lakhs (9,53,00,000 equity shares of ₹2 each) as per the Scheme.

Warrant Issuance

On April 26, 2025, the Company issued 33,33,330 warrants of ₹30.00 per warrant amounting to ₹999.99 lakhs, convertible into equity shares in 1:1 ratio within 18 months from allotment. Warrant holders paid 25% upfront, with balance 75% payable upon conversion.

Segment Information

The Company's business activity falls within a single business segment as per Ind AS 108.

Subsidiary Information

The consolidated results include:

1. Central Park West Venture (Partnership firm)

2. Lancor City Developer Limited (formerly Lancor Infinys Limited)

The unaudited standalone financial results of one subsidiary (not reviewed by auditors) with total assets of ₹7.59 lakhs as at September 30, 2026, revenue of ₹9.00 lakhs (quarter) and ₹15.71 lakhs (half year), and net loss of ₹3.07 lakhs (quarter) and ₹10.09 lakhs (half year).

Auditor's Review

G.M. Kapadia & Co., Chartered Accountants, conducted limited review and found no material misstatements. They drew attention to the amalgamation note but did not modify their opinion.