Board Meeting Details

The Board of Directors meeting was held on November 12, 2026, commencing at 5:30 PM and concluding at 5:55 PM. The Board approved:

  • Unaudited Standalone and Consolidated Financial Results along with Limited Review Reports for quarter and half year ended September 30, 2026
  • Disclosure under Regulation 32 of SEBI LODR confirming no deviation in IPO fund utilization

Financial Results Overview

Consolidated Performance (INR Millions)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹270.90
  • Other Income: ₹2.65
  • Total Income: ₹273.55
  • Total Expenses: ₹226.23
  • Profit Before Tax: ₹47.32
  • Tax Expense: ₹12.83
  • Profit After Tax: ₹34.49
  • Total Comprehensive Income: ₹36.44
  • Basic EPS: ₹2.00
  • Diluted EPS: ₹2.00

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹524.04
  • Other Income: ₹3.15
  • Total Income: ₹527.19
  • Total Expenses: ₹442.37
  • Profit Before Tax: ₹84.82
  • Tax Expense: ₹22.46
  • Profit After Tax: ₹62.36
  • Total Comprehensive Income: ₹63.58
  • Basic EPS: ₹3.80
  • Diluted EPS: ₹3.80

Standalone Performance (INR Millions)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹125.27
  • Other Income: ₹2.64
  • Total Income: ₹127.91
  • Total Expenses: ₹104.24
  • Profit Before Tax: ₹23.67
  • Tax Expense: ₹6.01
  • Profit After Tax: ₹17.66
  • Total Comprehensive Income: ₹17.78
  • Basic EPS: ₹1.03
  • Diluted EPS: ₹1.03

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹250.18
  • Other Income: ₹2.99
  • Total Income: ₹253.17
  • Total Expenses: ₹209.22
  • Profit Before Tax: ₹43.95
  • Tax Expense: ₹12.10
  • Profit After Tax: ₹31.85
  • Total Comprehensive Income: ₹32.18
  • Basic EPS: ₹1.94
  • Diluted EPS: ₹1.94

Segment-wise Performance (Consolidated)

Revenue Distribution

Q2 FY27:

  • India: ₹125.27 (46.24%)
  • USA: ₹145.63 (53.76%)

H1 FY27:

  • India: ₹250.18 (47.74%)
  • USA: ₹273.86 (52.26%)

Segment Results (Profit Before Tax and Finance Costs)

Q2 FY27:

  • India: ₹28.75 (54.04%)
  • USA: ₹24.45 (45.96%)

H1 FY27:

  • India: ₹50.56 (54.28%)
  • USA: ₹42.58 (45.72%)

Financial Position as at September 30, 2026 (INR Millions)

Consolidated

  • Total Assets: ₹2,065.66
  • Total Equity: ₹1,526.38
  • Equity Share Capital: ₹209.02
  • Other Equity: ₹1,317.36
  • Total Liabilities: ₹539.28

Standalone

  • Total Assets: ₹1,772.01
  • Total Equity: ₹1,454.18
  • Equity Share Capital: ₹209.02
  • Other Equity: ₹1,245.16
  • Total Liabilities: ₹317.83

Cash Flow Statement (Half Year Ended September 30, 2026, INR Millions)

Consolidated

  • Net Cash from Operating Activities: (₹334.24)
  • Net Cash used in Investing Activities: (₹800.04)
  • Net Cash from Financing Activities: ₹1,318.33
  • Net Increase in Cash: ₹184.06
  • Cash and Equivalents at End: ₹216.60

Standalone

  • Net Cash from Operating Activities: (₹351.96)
  • Net Cash used in Investing Activities: (₹868.38)
  • Net Cash from Financing Activities: ₹1,330.52
  • Net Increase in Cash: ₹110.18
  • Cash and Equivalents at End: ₹122.27

Significant Events During Half Year

1. IPO Completion: Company completed Initial Public Offering of 5,230,000 fresh equity shares of face value ₹10 each at issue price of ₹239 per share (including premium of ₹229 per share), aggregating ₹1,249.97 million. Shares allotted on September 4, 2026 and listed on NSE and BSE on September 8, 2026.

2. Acquisition: Mom's Belief US Inc. (wholly owned subsidiary) acquired 100% shareholding of City Pro Group Inc. with effect from September 18, 2026 for total consideration of USD 2,060,630.62 (₹197.39 million), with USD 800,000 (₹76.79 million) deferred consideration.

3. Investment in Subsidiary: Company made investment aggregating USD 2,000,000 in Mom's Belief US Inc. during the half year.

4. Debenture Issuance: Company issued unlisted, redeemable non-convertible debentures aggregating ₹150 million, backed by personal guarantee of Managing Director.

IPO Fund Utilization

  • Total Amount Raised: ₹130.892 crore (Fresh Issue ₹124.997 crore; Pre-IPO Placement ₹5.895 crore)
  • Funds Utilized as of September 30, 2026: ₹43.453 crore
  • No deviation or variation in utilization of funds raised through IPO during quarter ended September 30, 2026
  • Monitoring Agency: CARE Ratings Limited

Tax Status

Company has opted for concessional tax regime under Section 115BAA of Income-tax Act, 1961. No current tax payable for half year ended September 30, 2026 due to set-off of brought forward business losses and unabsorbed depreciation.

Additional Information

  • Previous period figures not subjected to review/audit as company was not listed during that period
  • Earnings per share for quarters and half years are not annualized
  • Company business: Therapy plans and programs for children with neurodevelopmental challenges
  • Results available on company website (www.momsbelief.com) and stock exchange websites