Satchmo Holdings Limited submitted its unaudited standalone and consolidated financial results for the quarter and six months ended September 30, 2026, to BSE Limited. The results were approved by the Board of Directors at a meeting held on October 30, 2026, which commenced at 15:30 Hrs and concluded at 17:10 Hrs.
Standalone Financial Performance (₹ in lakhs)
Quarter Ended September 30, 2026:
- Total Income: ₹6 lakhs (Q2 FY26: ₹990 lakhs)
- Loss Before Tax: ₹(373) lakhs (Q2 FY26: Profit of ₹3,654 lakhs)
- Loss After Tax: ₹(373) lakhs (Q2 FY26: Profit of ₹3,654 lakhs)
- Basic EPS: ₹(0.26) (Q2 FY26: ₹2.51)
Six Months Ended September 30, 2026:
- Total Income: ₹132 lakhs (H1 FY26: ₹1,104 lakhs)
- Loss Before Tax: ₹(750) lakhs (H1 FY26: Profit of ₹3,427 lakhs)
- Loss After Tax: ₹(750) lakhs (H1 FY26: Profit of ₹3,427 lakhs)
- Basic EPS: ₹(0.51) (H1 FY26: ₹2.35)
Segment Revenue (Six Months FY27):
- Investment and trading in equities: ₹123 lakhs
- Service business: ₹0 lakhs
- Others: ₹0 lakhs
Consolidated Financial Performance (₹ in lakhs)
Quarter Ended September 30, 2026:
- Total Income: ₹47 lakhs (Q2 FY26: ₹892 lakhs)
- Loss Before Tax: ₹(447) lakhs (Q2 FY26: Profit of ₹5,164 lakhs)
- Loss After Tax: ₹(447) lakhs (Q2 FY26: Profit of ₹5,164 lakhs)
- Basic EPS: ₹(0.31) (Q2 FY26: ₹3.54)
Six Months Ended September 30, 2026:
- Total Income: ₹186 lakhs (H1 FY26: ₹906 lakhs)
- Loss Before Tax: ₹(917) lakhs (H1 FY26: Profit of ₹4,903 lakhs)
- Loss After Tax: ₹(917) lakhs (H1 FY26: Profit of ₹4,903 lakhs)
- Basic EPS: ₹(0.63) (H1 FY26: ₹3.36)
Segment Revenue (Six Months FY27):
- Investment and trading in equities: ₹123 lakhs
- Service business: ₹42 lakhs
- Others: ₹7 lakhs
Balance Sheet Position (Standalone as of September 30, 2026)
- Total Assets: ₹24,052 lakhs (March 31, 2026: ₹25,318 lakhs)
- Total Equity: ₹10,531 lakhs (March 31, 2026: ₹11,281 lakhs)
- Cash and Cash Equivalents: ₹22 lakhs (March 31, 2026: ₹499 lakhs)
Cash Flow (Standalone Six Months FY27)
- Net Cash Used in Operating Activities: ₹(389) lakhs
- Net Cash Used in Investing Activities: ₹(81) lakhs
- Net Cash Used in Financing Activities: ₹(7) lakhs
- Net Decrease in Cash: ₹(477) lakhs
Auditor's Emphasis of Matter
KAMG & Associates, Chartered Accountants, issued a limited review report with four Emphasis of Matter points:
1. A disputed liability of ₹1,928 lakhs related to maintenance services for the Long Island Project, with revenue not recognized since FY25.
2. No Dues Certificate from HDFC Ltd. has not been obtained for a settlement of ₹1,554 lakhs, though management asserts the matter is settled.
3. The company has not renewed RERA registration for project 'Rio' since March 31, 2019, resulting in non-compliance.
4. Outstanding VAT dues of ₹1,257 lakhs remain, with a Stay Order obtained from the Karnataka High Court.
Other Matters
- A new wholly owned subsidiary, Satchmo Services Private Limited, was incorporated on January 21, 2026, and renamed to Redsox Service Company Private Limited effective October 13, 2026.
- The company is focusing on service business (facilities/manpower/catering/restaurants) and investment/trading in equities.
- The financial statements are prepared on a going concern basis.