Photon Capital Advisors Limited reported its unaudited standalone financial results for the quarter ended June 30, 2026, at a board meeting held on August 08, 2026. The company returned to profitability on a year-on-year basis, posting a net profit of ₹16.11 lakh against a net loss of ₹10.20 lakh in the corresponding quarter of the previous year. The board meeting, which commenced at 05:00 P.M. and concluded at 07:15 P.M., also resolved several significant corporate governance and strategic matters.

Q1FY27 Financial Performance

The company's total income for the quarter ended June 30, 2026, stood at ₹60.29 lakh, a sharp increase from ₹5.85 lakh in Q1FY26. Revenue from operations contributed ₹25.00 lakh, while other income accounted for ₹35.29 lakh. Total expenses for the quarter rose to ₹38.52 lakh from ₹16.05 lakh in Q1FY26, primarily driven by employee benefits expense of ₹20.19 lakh and other expenses of ₹18.05 lakh.

The following table summarises the key financial metrics for the quarter:

Paid-up equity share capital stood at ₹272.07 lakh as of June 30, 2026, with a face value of INR 10 per share. Other equity as of March 31, 2026, was ₹2,496.94 lakh. The results were reviewed by the Audit Committee and approved by the Board of Directors, with a limited review conducted by auditors from S N D J & Co., Chartered Accountants (Firm Regn No: 014929S).

Board Approvals and Corporate Actions

The board approved a wide range of corporate actions at its August 08, 2026 meeting. Key decisions are summarised below:

New Director Profile

Mr. Navneeth Subramanian brings more than 20 years of experience in AI and technology, with leadership roles spanning automotive, semiconductor manufacturing, consumer electronics, and medical technology sectors. He leads AI perception programs at Bosch Japan and previously held senior positions at Canon and GE Research. His areas of expertise include AI inference, computer vision, embedded machine learning, semiconductor inspection systems, automotive ADAS platforms, and medical imaging technologies. Mr. Subramanian is an inventor on multiple U.S. patents and has authored more than twenty scientific publications. He holds no shares in the company and is not related to any other director on the board.

Proposed Name Change and MOA Amendments

The board approved a proposal to rename the company from "Photon Capital Advisors Limited" to "Inference Platforms Limited," contingent on approval from the Central Registration Centre, Ministry of Corporate Affairs, and the company's shareholders. Alongside the name change, the board approved amendments to the main object clause of the Memorandum of Association to encompass businesses in data storage, data protection, IT services, software integration, data hosting, and related technology services. These amendments are also subject to shareholder approval at the ensuing AGM.

Employee Stock Schemes and Fund Utilisation

The board approved two employee benefit schemes — the Inference Platforms Employees Stock Option Scheme 2026 (Inference ESOS 2026) and the Inference Platforms Employees Stock Purchase Scheme 2026 (Inference ESPS 2026) — each contemplating the grant of up to 81,620 options or shares of face value ₹10 each to eligible employees, subject to shareholder approval and compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Under the ESOS, options vest over a minimum of 1 year and a maximum of 2 years from the grant date, with an exercise period of 2 years from vesting completion. Separately, the company disclosed no deviation or variation in the utilisation of funds raised via a preferential issue on March 20, 2026, which raised Rs.19,60,17,500 — comprising Rs.13,88,05,000 through equity shares and Rs.5,72,12,500 through warrants (representing 25% upfront of the total warrant amount of Rs.22,88,50,000).

Photon Capital Advisors Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹88.88 lakh. This marks a significant turnaround from the net loss of ₹50.64 lakh recorded in the previous year. The company’s total income for FY26 rose to ₹172.64 lakh, driven by revenue from operations of ₹144 lakh and interest income of ₹28.46 lakh.

The board of directors approved the audited financial results for the quarter and year ended March 31, 2026, at its meeting held on May 29, 2026. M. Anandam & Co., Chartered Accountants, issued an unmodified opinion on the financial results pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditors confirmed that the results give a true and fair view in conformity with the applicable accounting standards.

For the quarter ended March 31, 2026, the company reported a profit of ₹120.19 lakh, compared to a loss of ₹31.43 lakh in the corresponding period of the previous year. Revenue from operations for the quarter was ₹144 lakh, while total income stood at ₹157.37 lakh. Total expenses for the quarter increased to ₹17.92 lakh from ₹12.75 lakh in the same period last year, primarily due to higher employee benefit expenses and other expenses.

The statement of assets and liabilities as of March 31, 2026, shows total assets of ₹2,780.11 lakh, a substantial increase from ₹728.85 lakh in the previous year. This growth was largely driven by an increase in bank balances other than cash and cash equivalents, which stood at ₹1,960.18 lakh, and loans amounting to ₹650 lakh. Equity share capital increased to ₹272.07 lakh from ₹151.37 lakh, following the issuance of shares and share warrants during the year.

The cash flow statement indicates a net increase in cash and cash equivalents of ₹9.31 lakh during the year. Cash generated from operations was negative at ₹60.96 lakh, while financing activities provided a net cash inflow of ₹1,957.01 lakh, largely from proceeds of ₹1,388.05 lakh from the issue of shares and ₹572.13 lakh from share warrants. Investing activities resulted in a net cash outflow of ₹1,886.73 lakh, mainly due to an increase in fixed deposits and loans to corporate entities.

Financial Results for FY26

Key Metrics