Financial Results Overview (Standalone)

Quarter Ended September 30, 2026 (Q2 FY27):

  • Total Income: ₹13.85 crore
  • Total Expenses: ₹6.18 crore
  • Profit from Operations before Exceptional Items: ₹7.67 crore
  • Total Tax Expense: (₹0.76 crore) [Negative due to deferred tax asset recognition]
  • Net Profit for the period: ₹8.44 crore
  • Basic & Diluted EPS: ₹8.52

Quarter Ended June 30, 2026 (Q1 FY27):

  • Total Income: ₹2.85 crore
  • Total Expenses: ₹6.04 crore
  • Loss from Operations before Exceptional Items: (₹3.19 crore)
  • Total Tax Expense: (₹0.85 crore)
  • Net Loss for the period: (₹2.34 crore)
  • Basic & Diluted EPS: (₹2.37)

Half Year Ended September 30, 2026 (H1 FY27):

  • Total Income: ₹15.72 crore
  • Total Expenses: ₹11.23 crore
  • Profit from Operations before Exceptional Items: ₹4.49 crore
  • Total Tax Expense: (₹1.61 crore)
  • Net Profit for the period: ₹6.10 crore
  • Basic & Diluted EPS: ₹6.16

Comparative Figures (Quarter Ended September 30, 2025):

  • Total Income: ₹13.96 crore
  • Total Expenses: ₹5.16 crore
  • Profit from Operations before Exceptional Items: ₹8.80 crore
  • Total Tax Expense: ₹2.89 crore
  • Net Profit for the period: ₹5.91 crore
  • Basic & Diluted EPS: ₹5.97

Key Income Components (Q2 FY27)

  • Investment Income: ₹5.80 crore (includes ₹2.10 crore from previous quarter)
  • Net Gain from fair value changes of investments: ₹8.05 crore (one-time gain from sale of agricultural land)
  • Other Income: ₹0.00

Key Expense Components (Q2 FY27)

  • Employee Cost: ₹0.05 crore
  • Net Loss from fair value changes of investments: ₹0.99 crore
  • Management Expenses (IIFL): ₹0.37 crore
  • Interest paid on Loan: ₹4.24 crore
  • Other Misc Expenses: ₹0.05 crore

Segment-wise Performance (Q2 FY27)

Revenue by Segment:

  • Fund Based Activities: ₹8.05 crore (from land sale)
  • Investments: ₹5.80 crore
  • Trading on capital Equipments: ₹0.00
  • Fee Based Activities: ₹0.00

Results by Segment (Profit before Interest and Tax):

  • Fund Based Activities: ₹8.05 crore
  • Investments: ₹3.87 crore

Capital Structure

  • Paid-up equity share capital: ₹9.95 crore (unchanged from previous periods)
  • Face value per share: ₹10.00
  • Reserves excluding Revaluation Reserves: ₹89.60 crore (increased from ₹83.50 crore as of March 31, 2026)
  • Debt equity ratio: 1.86 (improved from 2.32 in previous quarter)

Cash Flow Statement (H1 FY27)

  • Net Cash from operating activities: ₹1.11 crore
  • Net Cash from investing activities: ₹12.64 crore (primarily from land sale proceeds of ₹8.12 crore)
  • Net Cash used in financing activities: (₹11.53 crore) [loan repayments]
  • Net increase in Cash and Cash Equivalents: ₹2.22 crore
  • Cash and cash equivalents at end of period: ₹2.40 crore (up from ₹0.18 crore at March 31, 2026)

Balance Sheet Position (as of September 30, 2026)

Assets: ₹302.11 crore

  • Financial Assets: ₹280.50 crore (Investments: ₹275.30 crore, Cash: ₹2.40 crore, Receivables: ₹2.80 crore)
  • Non-financial Assets: ₹21.61 crore (Property, plant and equipment: ₹20.05 crore, Current tax assets: ₹1.54 crore)

Liabilities and Equity: ₹302.11 crore

  • Financial Liabilities: ₹187.96 crore (Borrowings: ₹185.04 crore, Other payables: ₹2.92 crore)
  • Non-financial liabilities: ₹14.60 crore
  • Equity: ₹99.55 crore

Legal Matter Disclosure

The Maharashtra Industrial Development Corporation (MIDC) issued a notice dated August 31, 2024, revoking lease rights for land plots E-18, E-19, E-29, and E-30 in Chikalthana Industrial Area, Maharashtra (aggregating 76,483 square meters).

The Company has filed a writ petition before the Hon'ble Bombay High Court, Aurangabad Bench, challenging the revocation. The Court has permitted MIDC to take only symbolic possession, with physical possession remaining with the Company until final order.

The land is recorded as Fixed Assets at ₹20.02 crore. Management believes no adjustment to carrying value is required based on interim relief and is confident of a favorable outcome.

Other Significant Disclosure

Other Income includes profit of ₹8.05 crore from sale of agricultural land situated at Azhaganeri and Sadayaneri Villages, Radhapuram Taluk, Tirunelveli District, Tamil Nadu, for sale value of ₹8.12 crore.