Meeting Details
The Board meeting was held on Thursday, 12th November, 2026, commencing at 3:30 PM and concluding at 4:15 PM.
Financial Results Summary
Quarterly Performance (Q2 FY27 vs Q2 FY26)
- Revenue from operations: ₹13.74 lakhs (vs ₹4.00 lakhs in Q2 FY26)
- Other income: ₹5.69 lakhs (vs ₹6.75 lakhs in Q2 FY26)
- Total revenue: ₹19.43 lakhs (vs ₹10.75 lakhs in Q2 FY26)
- Total expenses: ₹10.07 lakhs (vs ₹2.66 lakhs in Q2 FY26)
- Employee benefits: ₹0.94 lakhs (vs ₹0.75 lakhs in Q2 FY26)
- Finance costs: ₹5.51 lakhs (vs ₹0.00 lakhs in Q2 FY26)
- Other expenses: ₹3.62 lakhs (vs ₹1.91 lakhs in Q2 FY26)
- Profit before tax: ₹9.36 lakhs (vs ₹8.09 lakhs in Q2 FY26)
- Net profit: ₹9.45 lakhs (vs ₹8.18 lakhs in Q2 FY26)
- Basic and diluted EPS: ₹0.95 (vs ₹0.82 in Q2 FY26)
Half-Year Performance (H1 FY27 vs H1 FY26)
- Revenue from operations: ₹35.92 lakhs (vs ₹19.93 lakhs in H1 FY26)
- Other income: ₹11.37 lakhs (vs ₹13.38 lakhs in H1 FY26)
- Total revenue: ₹47.29 lakhs (vs ₹33.31 lakhs in H1 FY26)
- Total expenses: ₹28.37 lakhs (vs ₹15.70 lakhs in H1 FY26)
- Employee benefits: ₹6.69 lakhs (vs ₹3.20 lakhs in H1 FY26)
- Finance costs: ₹11.53 lakhs (vs ₹0.00 lakhs in H1 FY26)
- Other expenses: ₹10.15 lakhs (vs ₹12.50 lakhs in H1 FY26)
- Profit before tax: ₹18.92 lakhs (vs ₹17.61 lakhs in H1 FY26)
- Net profit: ₹18.92 lakhs (vs ₹17.70 lakhs in H1 FY26)
- Basic and diluted EPS: ₹1.89 (vs ₹1.77 in H1 FY26)
Comparative Annual Performance (FY26 Audited)
- Revenue from operations: ₹34.71 lakhs
- Other income: ₹22.74 lakhs
- Total revenue: ₹57.45 lakhs
- Total expenses: ₹39.93 lakhs
- Net profit: ₹12.77 lakhs
- Basic and diluted EPS: ₹1.28
Balance Sheet Position (as at September 30, 2026)
Assets
- Total assets: ₹3,306.73 lakhs
- Non-current assets: ₹213.40 lakhs (Property, plant & equipment: ₹0.08 lakhs; Non-current investments: ₹213.32 lakhs)
- Current assets: ₹3,093.33 lakhs (Inventories: ₹7.07 lakhs; Cash and cash equivalents: ₹381.92 lakhs; Loans: ₹2,654.75 lakhs; Others: ₹39.51 lakhs; Other current assets: ₹10.08 lakhs)
Liabilities and Equity
- Total equity: ₹504.89 lakhs (Equity share capital: ₹100.00 lakhs; Other equity: ₹404.89 lakhs)
- Non-current liabilities: ₹2,730.28 lakhs (Borrowings: ₹2,730.21 lakhs; Other financial liabilities: ₹0.07 lakhs)
- Current liabilities: ₹71.56 lakhs (Trade payables: ₹14.27 lakhs; Other financial liabilities: ₹0.35 lakhs; Provisions: ₹52.19 lakhs; Current tax liabilities: ₹4.75 lakhs)
Cash Flow Statement (Half Year Ended September 30, 2026)
- Net cash from operating activities: ₹64.42 lakhs
- Net cash from investing activities: ₹91.18 lakhs
- Net cash used in financing activities: ₹(153.69) lakhs
- Net increase in cash: ₹1.91 lakhs
- Cash at beginning: ₹380.01 lakhs
- Cash at end: ₹381.92 lakhs
Key Notes and Disclosures
1. Financial results prepared in accordance with Indian Accounting Standards (Ind AS)
2. Results reviewed by Audit Committee and approved by Board of Directors on 12.11.2026
3. Statutory auditors carried out limited review and expressed unmodified review conclusion
4. Q2 figures are balancing figures between half-year and Q1 published figures
5. No separate reportable segments as per IND-AS 108
6. Tax expenses include current tax and deferred tax
7. Previous periods' figures regrouped/reclassified for consistency
8. Paid-up equity share capital: ₹100.00 lakhs (Face value ₹10 each)
Auditor
C.P. Jaria & Co., Chartered Accountants (FRN: 104058W)
Signed by Pankaj Kumar Jain (M.No.112020)
Date: 12/11/2026
Place: Surat