Financial Performance Highlights

Quarter Ended 30th September 2026 (Unaudited):

  • Revenue from operations: ₹98.39 lakh
  • Other income: ₹67.85 lakh
  • Total revenue: ₹166.24 lakh
  • Total expenses: ₹164.07 lakh
  • Profit before tax: ₹2.18 lakh
  • Deferred tax expense: ₹19.87 lakh
  • Net loss: ₹17.69 lakh
  • Basic and diluted EPS: (₹0.12)

Half Year Ended 30th September 2026 (Unaudited):

  • Revenue from operations: ₹186.85 lakh
  • Other income: ₹68.32 lakh
  • Total revenue: ₹255.17 lakh
  • Total expenses: ₹316.32 lakh
  • Net loss: ₹92.72 lakh
  • Basic and diluted EPS: (₹0.64)

Comparative Figures (Quarter Ended 30th September 2025):

  • Revenue from operations: ₹144.11 lakh
  • Other income: ₹10.42 lakh
  • Total revenue: ₹154.54 lakh
  • Total expenses: ₹186.73 lakh
  • Net loss: ₹36.31 lakh
  • Basic and diluted EPS: (₹0.25)

Capital Structure:

  • Paid-up equity share capital (face value ₹10 each): ₹1,449.49 lakh (consistent across all periods presented)

Material Uncertainty Related to Going Concern

The auditors' review report highlights a material uncertainty regarding the company's ability to continue as a going concern. As at 30th September 2026:

  • Accumulated losses: ₹2,603.42 lakh
  • Negative net worth: ₹60.56 lakh
  • Total liabilities exceed total assets by ₹60.56 lakh
  • Net loss for half year ended 30th September 2026: ₹61.15 lakh

Despite these conditions, management has taken/proposes to take measures to improve the financial position. Based on these measures and cash flow projections for the next twelve months, the Board believes the company will meet its obligations as they fall due, and thus the financial results have been prepared on a going concern basis.

Contingent Liabilities

1. State GST Demand for FY 2017-18: ₹14.13 lakh (tax: ₹5.86 lakh, interest: ₹7.67 lakh, penalty: ₹0.59 lakh). The tax component of ₹5.86 lakh was paid in March 2025. The company is in appeal against interest and penalty components. No provision has been made.

2. Service Tax Demand (2009-2017): ₹7.17 crore (tax: ₹2.63 crore, interest and penalty: ₹4.54 crore). The matter is under appeal before the Appellate Tribunal. Considered as contingent liability with no provision recognized.

Additional Information

  • The company operates in a single reportable segment: shipping business
  • The financial results were prepared in accordance with Ind AS 34
  • The limited review was conducted in accordance with SRE 2410
  • The company was formerly known as SKS Logistics Ltd.