Swadeshi Industries and Leasing Limited held a board meeting on November 13, 2026, from 4:00 PM to 5:15 PM where the board considered and approved the unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2026. The board also reviewed and approved updated policies of the company.

Financial Performance Highlights

Standalone Results (Amounts in ₹ lakhs):

  • Q2 FY27 Revenue from Operations: ₹2,923.50
  • Q2 FY27 Net Profit: ₹47.26
  • H1 FY27 Revenue from Operations: ₹4,641.22
  • H1 FY27 Net Profit: ₹100.26
  • Basic EPS (Q2): ₹0.20
  • Diluted EPS (Q2): ₹0.20

Consolidated Results (Amounts in ₹ lakhs):

  • Q2 FY27 Revenue from Operations: ₹3,005.55
  • Q2 FY27 Other Income: ₹1.08
  • Q2 FY27 Total Income: ₹3,006.63
  • Q2 FY27 Net Profit: ₹95.93
  • H1 FY27 Revenue from Operations: ₹4,729.26
  • H1 FY27 Other Income: ₹1.81
  • H1 FY27 Total Income: ₹4,731.07
  • H1 FY27 Net Profit: ₹150.59
  • Basic EPS (Q2): ₹0.41
  • Diluted EPS (Q2): ₹0.41

Balance Sheet Position (Standalone as of September 30, 2026)

  • Total Assets: ₹2,650.21 lakhs (vs ₹3,727.07 lakhs as of March 31, 2026)
  • Property, Plant and Equipment: ₹264.06 lakhs
  • Investments: ₹840.00 lakhs
  • Inventories: ₹113.90 lakhs
  • Trade Receivables: ₹958.40 lakhs
  • Cash and Cash Equivalents: ₹217.85 lakhs
  • Loans: ₹160.37 lakhs
  • Equity Share Capital: ₹2,312.79 lakhs
  • Other Equity: ₹74.91 lakhs

Cash Flow Statement (Standalone H1 FY27)

  • Net Cash Used in Operating Activities: ₹(115.57) lakhs
  • Net Cash Used in Investing Activities: ₹(0.94) lakhs
  • Net Cash Used in Financing Activities: ₹(4.11) lakhs
  • Net Decrease in Cash: ₹(120.62) lakhs

Emphasis of Matter

The independent auditors (G CAS & Associates LLP) highlighted Note No. 4 regarding an advance of ₹85.30 lakhs made by the company to its subsidiary, Swadeshi Agrotech Industries Private Limited, towards proposed subscription to additional equity shares. As of September 30, 2026, the allotment of additional equity shares was pending completion of requisite corporate and statutory formalities.

The management represented that this advance is intended for subscription to additional equity shares and accordingly believes that provisions of Section 186(7) of the Companies Act, 2013 relating to minimum interest requirement on loans are not applicable.

Segment Information

The company is primarily engaged in trading business and all other activities revolving around the same. There is no other separate reportable segment as defined by IND AS 108 - "Operating Segment".