Board Meeting Details

  • Date: November 12, 2026
  • Time: Commenced at 3:30 PM, concluded at 5:05 PM
  • Pre-review by Audit Committee: November 11, 2026

Key Financial Results - Standalone (Amount in ₹ Lakhs)

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: ₹56,226.83
  • Other Income: ₹386.77
  • Total Revenue: ₹56,613.61
  • Total Expenses: ₹56,590.85
  • Profit Before Tax: ₹22.75
  • Tax Expense: ₹4.59 (Current tax: ₹14.70, Deferred tax: ₹(10.11))
  • Net Profit: ₹18.16
  • EPS: ₹0.59 (basic and diluted)

Half-Yearly Performance (H1 FY27)

  • Revenue from Operations: ₹103,127.23
  • Other Income: ₹794.44
  • Total Revenue: ₹103,921.67
  • Total Expenses: ₹103,776.36
  • Profit Before Tax: ₹145.31
  • Tax Expense: ₹40.78 (Current tax: ₹66.23, Deferred tax: ₹(25.45))
  • Net Profit: ₹104.53
  • EPS: ₹3.39 (basic and diluted)

Year-over-Year Comparison (Q2 FY27 vs Q2 FY26)

  • Revenue declined 4.9% from ₹59,121.84 lakh to ₹56,226.83 lakh
  • Net Profit declined 98.4% from ₹1,141.96 lakh to ₹18.16 lakh
  • EPS declined from ₹37.03 to ₹0.59

Key Financial Results - Consolidated (Amount in ₹ Lakhs)

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: ₹57,804.91
  • Other Income: ₹635.46
  • Total Revenue: ₹58,440.37
  • Total Expenses: ₹57,355.40
  • Profit Before Tax: ₹1,084.97
  • Tax Expense: ₹286.24 (Current tax: ₹340.09, Deferred tax: ₹(53.86))
  • Net Profit: ₹798.72
  • EPS: ₹25.90 (basic and diluted)

Half-Yearly Performance (H1 FY27)

  • Revenue from Operations: ₹105,882.30
  • Other Income: ₹1,674.80
  • Total Revenue: ₹107,557.10
  • Total Expenses: ₹105,129.72
  • Profit Before Tax: ₹2,427.38
  • Tax Expense: ₹738.06 (Current tax: ₹679.67, Deferred tax: ₹58.40)
  • Net Profit: ₹1,689.27
  • EPS: ₹54.78 (basic and diluted)

Segment-wise Performance (Standalone)

Revenue Breakdown (Q2 FY27)

  • Forex Segment: ₹56,105.70 (99.7% of total)
  • Travel Segment: ₹114.09 (0.2% of total)
  • Money Transfer: ₹7.05 (0.01% of total)

Segment Results (Profit/Loss before tax) (Q2 FY27)

  • Forex Segment: Loss of ₹183.79
  • Travel Segment: Loss of ₹0.64
  • Money Transfer: Profit of ₹1.36

Capital Structure

  • Paid-up Equity Share Capital: ₹308.40 lakh (30,840,000 shares of ₹10 each)
  • Reserves (Standalone): ₹49,339.50 lakh as of September 30, 2026
  • Reserves (Consolidated): ₹91,131.95 lakh as of September 30, 2026

Subsidiaries and Consolidation

Financial results include consolidation with:

  • Three wholly owned subsidiaries: Paul Merchants Finance Private Limited, Paul Merchants Realtors Private Limited, Paul Infotech Private Limited
  • Paul Landscape Realtors LLP (95% profit sharing interest held through Paul Merchants Realtors Private Limited)
  • SSBRO Infra Surge LLP (33.33% profit sharing interest held through Paul Merchants Realtors Private Limited)

Management Changes

  • Ms. Sakshi resigned as Chief Financial Officer and Key Managerial Personnel effective close of business hours on August 12, 2026
  • Mr. Sushil Jindal appointed as Chief Financial Officer and Key Managerial Personnel effective August 13, 2026

Business Developments

  • Paul Merchants Finance Private Limited launched new lending products on July 18, 2026:
  • Loan Against Securities
  • Loan Against Silver

Financial Statements Included

  • Standalone and Consolidated Unaudited Financial Results for quarter and half year ended September 30, 2026
  • Standalone and Consolidated Statement of Assets and Liabilities as on September 30, 2026
  • Standalone and Consolidated Cash Flow Statement for half year ended September 30, 2026
  • Segment-wise results as required under Regulation 33

Availability of Results

Results available on BSE website (www.bseindia.com) and company website (www.paulmerchants.net)