Advance Lifestyles Limited , a company operating in the textiles and real estate sectors, has released its unaudited financial results for the quarter and half-year ended September 30, 2025. The results, approved by the company's Board of Directors on November 11, 2025, reveal a mixed financial picture, with improved profitability but significant concerns raised by the auditors.

Financial Performance

The company reported a notable improvement in its financial performance for the quarter ended September 30, 2025:

Advance Lifestyles' revenue from operations in Q2 2025 increased to ₹8,814.46 thousand, up from ₹6,863.19 thousand in the same quarter of the previous year. This growth contributed to a net profit of ₹1,304.93 thousand for the quarter, a significant turnaround from the loss of ₹317.60 thousand in Q2 2024.

For the half-year ended September 30, 2025, the company reported a total revenue of ₹17,569.06 thousand and a net profit of ₹2,535.35 thousand. However, these figures are lower compared to the same period in the previous year, which saw a revenue of ₹26,460.39 thousand and a net profit of ₹9,911.35 thousand.

Auditor's Concerns

Despite the improved quarterly performance, the company's statutory auditor, Piyush J. Shah & Co., has issued a qualified review report. The auditor highlighted concerns regarding an inter-corporate advance of ₹24,12,084.55 thousand granted by Advance Lifestyles to another company. This recipient company has reportedly accumulated losses over the years, resulting in a complete erosion of its net worth and currently has no ongoing business operations or viable revenue streams.

The auditor noted that Advance Lifestyles has not recognized any impairment loss on this substantial inter-corporate advance. This lack of impairment recognition is not in compliance with the requirements of Indian Accounting Standard (Ind AS) 109 on Financial Instruments. The auditor stated that if the company had assessed and recognized the impairment loss as per the standard, both the carrying amount of the advance and the profit for the period would have been lower, although the exact amount of this potential impairment remains unascertained.

Business Segments and Investor Relations

Advance Lifestyles Limited operates in two primary business segments: Textiles and Real Estate. However, the company noted that the disclosure requirements for segment reporting under Ind AS 108 are not applicable as none of the segments are considered reportable segments.

On the investor relations front, the company reported no pending complaints from investors as of September 30, 2025, and no complaints were received during the quarter under review.

Conclusion

While Advance Lifestyles Limited has shown improved profitability in the most recent quarter, the qualified review from the auditors raises significant concerns about the company's financial practices, particularly regarding the large inter-corporate advance. Investors and stakeholders may need to closely monitor how the company addresses these issues in the coming months, as they could potentially impact the company's financial health and future performance.

Advance Lifestyles Limited , a Mumbai-based company, has announced its unaudited financial results for the first quarter ended June 30, 2025. The company reported a steady performance with a net profit of Rs 1.23 crore for the quarter.

Financial Highlights

• Total income from operations stood at Rs 10.23 crore for Q1 FY2026
• Net profit after tax remained stable at Rs 1.23 crore
• Basic and diluted earnings per share (EPS) were Rs 0.20 each

Balance Sheet Strength

The company's balance sheet showed resilience:

Comparative Performance

The results for the quarter ended June 30, 2025, are identical to those reported for the same quarter in the previous year, indicating consistent performance year-over-year.

Board Approvals and Corporate Actions

In a board meeting held on August 6, 2025, Advance Lifestyles Limited's directors approved several key items:

1. Unaudited financial results for Q1 FY2026
2. Directors' Report and Corporate Governance Report for FY2025
3. Re-appointment of Mr. Pradeep Kushwah as Internal Auditor for a five-year term
4. Setting September 18, 2025, as the date for the 36th Annual General Meeting (AGM)
5. Appointment of M/s MSDS & Associates as scrutinizer for the 36th AGM
6. Appointment of M/s. Bigshare Services Private Limited as e-voting agency for the AGM
7. Recommendation for the reappointment of Ms. Jyoti Laxman Bambade as a director, who is liable to retire by rotation

Auditor's Review

The company's statutory auditors, Piyush J. Shah & Co., conducted a limited review of the financial results. They reported that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

Advance Lifestyles Limited's Q1 FY2026 results demonstrate stability in its operations, maintaining the same profit levels as the previous year.