Fervent Synergies Limited announced the approval of its unaudited financial results for the second quarter and half-year ended September 30, 2026. The Board of Directors convened on October 29, 2026, to review and adopt the financial statements, which include a limited review report. The company also submitted its related party transaction disclosures for the same period.
Board Approves Financial Results
Fervent Synergies Limited has officially approved its unaudited financial results for the second quarter and the half-year ended September 30, 2026. The decision was made during a Board of Directors meeting held on October 29, 2026. The Board reviewed and took on record the financial statements along with the accompanying limited review report for the aforementioned periods.
Key Financial Highlights
The financial statements indicate a net profit of ₹39.76 Lakhs for the quarter ended 30/09/2026, compared to ₹19.68 Lakhs in the preceding quarter. For the half-year ended 30/09/2026, the net profit stood at ₹59.44 Lakhs, a decrease from ₹81.61 Lakhs in the corresponding period of the previous year. The company’s revenue from operations for the quarter was ₹74.40 Lakhs, and for the half-year, it was ₹147.90 Lakhs.
Segmental Performance
The segment reporting reveals that the ‘Finance Business Division’ is the primary driver of the company’s profitability, contributing significantly to the segment result. The ‘Foods Business Division’ reported a profit of ₹0.00 for the quarter ended 30/09/2026, with a year-on-year decline. The company noted that its food items trading is a seasonal business with negligible half-yearly revenues.
Related Party Transactions
In addition to the financial results, Fervent Synergies Limited also submitted its disclosure on Related Party Transactions for the half-year ended September 30, 2026, in compliance with SEBI (LODR) Regulations. Key management personnel, including Vijay P. Thakkar, Sanjay P. Thakkar, Karan V. Thakkar, and Nehal Jain, received remuneration totaling ₹10.20 Lakhs during the period. Transactions with other related parties, such as Verve Greens Holding and Realty Pvt Ltd, and Verve Greens Inc., primarily involved loan amounts and payables.
Source: BSE
