Toyam Sports Limited has announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company also released its Limited Review Report, which contains modified audit conclusions impacting the financial statements. Key figures include a net profit of ₹-15.10 lakh for the standalone quarter and ₹-7.57 lakh for the consolidated quarter. The report highlights specific areas of concern regarding financial asset impairment and compliance with certain regulatory requirements.
Toyam Sports Limited Announces Q2 and H1 FY27 Financials
Toyam Sports Limited has disclosed its unaudited financial results for the second quarter and the first half of the financial year ending September 30, 2026. The standalone results show a net loss of ₹15.10 lakh for the quarter and ₹26.73 lakh for the half-year. On a consolidated basis, the company reported a net loss of ₹7.57 lakh for the quarter and ₹125.78 lakh for the half-year.
Key Financial Highlights
Standalone Results
- Net Profit/(Loss) for the quarter ended September 30, 2026: ₹-15.10 Lakhs
- Net Profit/(Loss) for the half-year ended September 30, 2026: ₹-26.73 Lakhs
- Total Assets as at September 30, 2026: ₹29,513.77 Lakhs
- Total Liabilities as at September 30, 2026: ₹715.53 Lakhs
- Net Worth as at September 30, 2026: ₹28,798.24 Lakhs
Consolidated Results
- Net Profit/(Loss) for the quarter ended September 30, 2026: ₹-7.57 Lakhs
- Net Profit/(Loss) for the half-year ended September 30, 2026: ₹-125.78 Lakhs
- Total Assets as at September 30, 2026: ₹30,790.54 Lakhs
- Total Liabilities as at September 30, 2026: ₹3,539.62 Lakhs
- Net Worth as at September 30, 2026: ₹27,250.92 Lakhs
Limited Review Report and Audit Qualifications
The accompanying Limited Review Report from ASGR & CO., Chartered Accountants, highlights several modified audit conclusions. These qualifications include:
- Non-provision for impairment of financial assets: The company has not provided for impairment of its financial assets using the expected credit loss (ECL) approach as required by Ind AS 109. The management believes these assets are secure and creditworthy, thus no provision has been made.
- Lack of impairment analysis on loans and advances: The company has not performed an impairment analysis on loans and advances given to various parties as required by Ind AS 36.
- Applicability of RBI Act Section 45-IA: Management has not provided a detailed assessment regarding the applicability of Section 45-IA of the RBI Act, making it impossible to determine registration requirements and their consequential impact.
- SEBI Notices and Investigation: The company has received notices from SEBI, and pending investigation, the financial impact is currently unascertainable.
- Merchandizing Agreements: There has been no deliberation on the economic benefits realizable from merchandizing agreements.
- Non-compliance with Statutory Liabilities: The company has not complied with statutory liabilities such as Professional Tax and TDS.
These qualifications indicate areas where the company’s financial reporting practices and compliance require further attention.
Source: BSE
