CITY CROPS AGRO LIMITED has announced the approval of its unaudited financial results for the half-year ended September 30, 2026. The Board of Directors considered and approved the results along with the Limited Review Report during their meeting held on November 4, 2026. Key financial highlights include revenue from operations and profit before tax for the period.
CITY CROPS AGRO LIMITED Board Approves Unaudited Financial Results
CITY CROPS AGRO LIMITED has officially announced the outcome of its Board Meeting held on Wednesday, November 4, 2026. During this meeting, the Board of Directors considered and approved the Unaudited Financial Results of the Company for the Half Year ended September 30, 2026, along with the accompanying Limited Review Report.
Financial Performance Overview (Half Year Ended September 30, 2026)
The unaudited results indicate the following key figures:
- Revenue from Operations for the period stood at ₹124.02 Lacs.
- Other Income contributed ₹15.00 Lacs.
- The total income for the half-year was ₹139.02 Lacs.
- Expenses amounted to ₹125.24 Lacs.
- The Company reported a Profit before Exceptional and Extraordinary Items and Tax of ₹13.78 Lacs.
- After accounting for tax expenses, the Profit for the Period from Continuing Operations was ₹13.78 Lacs.
- The overall Profit for the Period (including any discontinued operations) was also ₹13.78 Lacs.
- Earnings Per Equity Share (Basic and Diluted) for the period were ₹0.08.
Previous Period Comparison
The results were also presented alongside figures from the previous year’s comparable period (Half Year Ended September 30, 2025) and the audited financial year ended March 31, 2026. Notably, the previous year showed a loss for the half-year period, with a profit/(loss) of (₹584.97 Lacs) and earnings per share of (₹3.59).
Balance Sheet Highlights (As at September 30, 2026)
The unaudited statement of assets and liabilities as of September 30, 2026, shows:
- Share Capital: ₹1,631.68 Lacs
- Reserves and Surplus: ₹1,158.85 Lacs
- Total Assets: ₹3,646.40 Lacs
- Current Assets (including Inventories and Cash & Cash Equivalents) stood at ₹2,129.63 Lacs and ₹6.63 Lacs respectively.
Cash Flow Statement Summary (Half Year Ended September 30, 2026)
The unaudited cash flow statement for the period highlights:
- Net Cash from Operating Activities: ₹510.20 Lacs.
- Net Cash Used in Investing Activities: (₹509.00 Lacs), primarily due to the purchase of fixed assets.
- Net Cash from Financing Activities: (₹0.75 Lacs), mainly from the repayment of long-term borrowings.
- The period ended with an increase in Cash and Cash Equivalents by ₹0.45 Lacs, resulting in a closing balance of ₹6.63 Lacs.
Auditor’s Limited Review Report
The auditors, VSSB & Associates, have conducted a limited review of the unaudited financial results. Their report states that nothing has come to their attention that causes them to believe that the accompanying unaudited financial results prepared in accordance with the applicable accounting standards contain any material misstatement.
Other Matters Highlighted by Auditors
The auditors also raised several other matters:
- The company has not remitted income tax liabilities for Financial Years 2022-23, 2023-24, and 2024-25, with outstanding demands aggregating to ₹172.52 Lacs, and no provision for interest liability has been made.
- An advance of ₹300.25 Lacs for agricultural land development activities, made from IPO proceeds, remains outstanding without adequate supporting documents.
- The company’s GST registration has been inactive, and applicable GST returns have not been filed for a prolonged period. The impact of this on financial statements is unascertainable.
- The opening stock-in-trade for the previous financial year, being perishable, was written down to NIL value.
Source: BSE
