Crest Ventures Q2 FY27 Results: Consolidated Net Profit ₹20.83 Crore on Total Income of ₹68.65 Crore
- Earnings
- Non-banking financial company
Reviewed byKeshav SehgalBlacklitt Research
Crest Ventures (NSE: CREST) reported consolidated total income of ₹38.37 crore and net profit of ₹9.37 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Standalone total income was ₹27.13 crore and net profit ₹7.41 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹38.37 crore, up 29.9% YoY and 26.7% QoQ
- Net profit and EPS: ₹9.37 crore; attributable to owners ₹9.65 crore; basic EPS ₹3.41
- Finance costs: ₹5.57 crore, against ₹4.98 crore a year earlier
Standalone
The company on its own, without its subsidiaries
- Total income: ₹27.13 crore, up 30.6% YoY
- Net profit and EPS: ₹7.41 crore; basic EPS ₹2.62
- Finance costs: ₹5.53 crore, against ₹4.98 crore a year earlier
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 68.65 | 29.54 | +132.4% | 30.28 | +126.7% | |
| Revenue from operations | 67.52 | 29.54 | +128.6% | 30.24 | +123.3% |
| Other income | 1.13 | 0.00 | n/a | 0.05 | n/a |
| 20.83 | 3.73 | +457.8% | 11.47 | +81.7% | |
| Profit before tax | 26.77 | 5.59 | +379.2% | 14.08 | +90.1% |
| Finance costs | 10.90 | 4.98 | +118.8% | 5.34 | +104.3% |
| Depreciation | 3.09 | 1.12 | +175.6% | 1.47 | +110.4% |
| Tax expense | 5.94 | 1.85 | +220.6% | 2.62 | +126.9% |
| Net profit margin | 30.35% | 12.64% | +17.70 pp | 37.86% | -7.52 pp |
| EPS, basic (₹) | 7.43 | 1.32 | +462.9% | 4.01 | +85.3% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Profit grew faster than income on a year-earlier basis. Net profit rose from ₹3.73 crore to ₹9.37 crore, while total income rose from ₹29.54 crore to ₹38.37 crore. The quarter-on-quarter comparison runs the other way: net profit fell 18.3% from ₹11.47 crore in the June quarter, while total income rose 26.7%.
The consolidated tax charge is ₹3.32 crore on profit before tax of ₹12.69 crore, an effective rate of 26.2%. Other income is ₹1.08 crore, a small share of the quarter's total income. The statement's quarter columns differ from the table above: the table's current-period figures of ₹68.65 crore total income and ₹20.83 crore net profit are the half-year totals (₹68.65 crore and ₹20.83 crore), not the quarter.
The auditor's emphasis of matter covers unsecured deposits of ₹155.30 crore given to counterparties for proposed joint development. The auditor's conclusion is not modified on this point. The notes say management is firmly of the opinion that the deposits are fully recoverable and that no additional impairment provision is needed.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 46.32 | 20.78 | +122.9% | 19.19 | +141.4% | |
| Revenue from operations | 45.20 | 20.78 | +117.5% | 19.17 | +135.8% |
| Other income | 1.12 | 0.00 | n/a | 0.02 | n/a |
| 10.96 | 2.82 | +288.0% | 3.55 | +208.9% | |
| Profit before tax | 13.73 | 3.98 | +244.9% | 4.85 | +183.0% |
| Finance costs | 10.82 | 4.98 | +117.1% | 5.28 | +104.7% |
| Depreciation | 2.37 | 0.82 | +188.8% | 1.12 | +111.9% |
| Tax expense | 2.77 | 1.16 | +139.7% | 1.30 | +112.6% |
| Net profit margin | 23.66% | 13.59% | +10.07 pp | 18.49% | +5.17 pp |
| EPS, basic (₹) | 3.88 | 1.00 | +288.0% | 1.25 | +210.4% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit of ₹7.41 crore in the quarter is more than double the June quarter's ₹3.55 crore, up 108.7%, and far above the ₹2.82 crore of a year earlier. Standalone income is more evenly spread than the consolidated figures: revenue from operations is ₹26.03 crore and other income ₹1.10 crore.
The standalone tax charge is ₹1.47 crore on profit before tax of ₹8.88 crore, an effective rate of 16.5%. Finance costs of ₹5.53 crore are a large share of total income, and the auditor notes that the standalone results include a share of profit from an LLP of ₹0.89 crore based on unreviewed figures of that entity.
The standalone half-year cash flow statement shows dividends paid of ₹2.83 crore.
Inference
The filing reports that the board approved the results on 5 Nov 2026 with an unmodified auditor's conclusion, and that the Scheme of Arrangement with Crest Capital and Investment Limited has not yet received all regulatory approvals or NCLT sanction, so it has no impact on the standalone results for the quarter.
The filing does not say whether the ₹155.30 crore of deposits has been recovered or adjusted, or when the joint development will be completed. The reason for the change in profit between quarters is also not stated.
Filed with BSE on . Reference: Original filing (PDF)
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