Alfred Herbert (India) Ltd reported a significant year-on-year improvement in profitability for the quarter ended June 30, 2026, with standalone net profit rising 43% to ₹6.05 crore from ₹4.25 crore in Q1FY26. The prior year’s figure was inflated by exceptional items related to the sale of immovable property, making the current quarter’s operational performance notably strong. Consolidated net profit increased 44% to ₹6.24 crore, reflecting robust returns from its investment portfolio comprising securities, bonds, and mutual funds.

The Board of Directors approved the unaudited financial results on August 06, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory Auditors ALPS & Co. Chartered Accountants issued an unmodified conclusion on both standalone and consolidated statements after conducting a limited review under Standard on Review Engagement (SRE) 2410. The results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34).

Financial Performance Highlights

Standalone revenue from operations grew 44% to ₹8.14 crore, up from ₹5.67 crore in Q1FY26. Interest income surged 210% to ₹2.76 crore, while rental income more than doubled to ₹30.62 lakh. Net gain on fair value changes contributed ₹48.20 lakh, including ₹32.47 lakh realized on the sale of investments.

Note: Q1FY26 figures include exceptional items of ₹480.47 crore from property sales.

Consolidated total income reached ₹8.35 crore, with other income contributing ₹3.21 lakh. Total expenses decreased 41% to ₹80.84 lakh due to lower other expenses. The group’s basic earnings per share stood at ₹80.84, compared to ₹5,506.19 in the corresponding period last year.

What the Numbers Show

The dramatic decline in reported net profit percentage is misleading without context; it stems entirely from the absence of the one-time ₹480.47 crore gain from the Whitefield, Bengaluru property sale recorded in Q1FY26. Excluding this exceptional item, underlying operational profitability has nearly doubled year-on-year. The company’s strategy of investing in immovable properties and financial instruments continues to generate steady cash flows, with interest income becoming a larger contributor than in previous periods. No segment reporting was required as the group operates primarily in non-banking financial activities.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE782D01027/8bc773bd-34a7-4a94-a1cd-44ca34e0ccb3.pdf

The Board of Directors of alfred herbert appointed M/s. Chaudhuri P and Associates as its Internal Auditor for the Financial Year 2026-27. The decision was taken during a board meeting held on August 06, 2026, following a recommendation from the Audit Committee. This appointment ensures compliance with Section 138 of the Companies Act, 2013, mandating internal audit mechanisms for eligible companies.

The company disclosed the appointment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was submitted to BSE Limited in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The disclosures were also uploaded to the company’s website for public access.

Appointment Details

M/s. Chaudhuri P and Associates, Chartered Accountants (Firm Regn No-324911E), has been engaged to conduct the internal audit for the financial year ending March 31, 2027. The firm is registered with the Institute of Chartered Accountants of India (ICAI).

Auditor Profile

Established in 2002, M/s. Chaudhuri P and Associates is a two-decade-old firm of practicing Chartered Accountants. The firm provides services including statutory audit, internal audit, direct and indirect taxation, GST matters, treasury management, and ERP implementation using SAP, Oracle, and Tally. It also handles strategic planning, fund raising, credit rating, and professional advisory services.

The firm is led by CA Partha Chowdhury, who possesses extensive experience in statutory and tax audits for companies, banks, financial institutions, NBFCs, and healthcare entities. His expertise includes designing accounting structures, cash flow management, risk assessment, restructuring, and company law matters. He has previously served as a Central State Auditor and handled multiple branch financial controls.

Meeting Information

The Board meeting commenced at 10:30 A.M. and concluded at 12:45 P.M. on August 06, 2026. Trupti Upadhyay, Company Secretary & Chief Financial Officer, signed the disclosure letter addressed to the Secretary, Listing Department, BSE Limited. No relationships between directors and the appointed auditor were disclosed, as this category was marked "Not Applicable" in the filing.