Piccadilly Sugar & Allied Industries Limited has announced its unaudited financial results for the second quarter and half year ended September 30, 2026. The Board of Directors approved these results, which include details on revenue, expenses, and profit/loss for the periods. The company also provided a review report from its independent auditors, outlining the preparation and compliance of these financial statements according to Indian Accounting Standards.
Unaudited Financial Results Approved for Q2 FY27
Piccadilly Sugar & Allied Industries Limited has officially announced its unaudited financial results for the second quarter and the half year that concluded on September 30, 2026. The company’s Board of Directors convened a meeting on November 4, 2026, during which these results were deliberated and approved. This disclosure provides investors with a transparent view of the company’s financial performance for the specified periods.
Key Financial Highlights
The released financial statements detail the company’s performance, including Revenue from Operations, various Expenses such as cost of materials, employee benefits, finance costs, and other operational expenditures. The results indicate the company’s Profit/(loss) before exceptional items and tax, along with the Tax Expense, ultimately leading to the Net Profit/(Loss) for the quarter and half year. The statement also includes Other Comprehensive Income, resulting in the Total Comprehensive Income. Shareholder equity, including Equity Share Capital and Other Equity, remains a key focus, alongside details of Non-current and Current Liabilities such as borrowings and trade payables.
Auditor’s Review and Compliance
An independent auditor’s review report from Rattan Kaur & Associates, Chartered Accountants, accompanies the financial results. This report confirms that the accompanying statement of unaudited financial results has been prepared in accordance with applicable accounting standards and regulations, including the Indian Accounting Standard 34 “Interim Financial Reporting.” The auditors’ review, conducted as per the Standard on Review Engagements (SRE) 2410, provides moderate assurance that the financial statements are free of material misstatement.
Expansion and Operational Notes
Among the notes to the financial results, the company highlighted that the expansion of its Ethanol Plant has been completed. This development signals a potential enhancement in the company’s operational capacity and product diversification. The financial statements were prepared in compliance with the Companies (Indian Accounting Standards) Rules, 2015, and other relevant amendments.
Source: BSE
