ICDS Limited Reports Mixed Q2 Results with Quarterly Loss, Half-Year Profit

ICDS Limited , a diversified financial services company, has announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025, revealing a mixed performance.

Quarterly Performance

For the quarter ended September 30, 2025, ICDS Limited reported a standalone loss of Rs. 47.15 lakhs, a significant downturn compared to the profit of Rs. 122.65 lakhs in the previous quarter. This represents a quarter-on-quarter decline in profitability.

Half-Year Results

Despite the quarterly loss, the company managed to post a consolidated profit of Rs. 134.06 lakhs for the six-month period ended September 30, 2025. On a standalone basis, the half-year profit stood at Rs. 75.50 lakhs.

Revenue and Operational Performance

The company's revenue from operations for the quarter was Rs. 34.54 lakhs on a standalone basis, showing a decrease from Rs. 58.77 lakhs in the previous quarter. For the half-year, the standalone revenue from operations reached Rs. 93.31 lakhs.

Segment Performance

ICDS Limited operates in four reportable segments:

1. Financial Services (Recovery activities)
2. Trading
3. Rent on premises
4. Others

The rent on premises segment emerged as a significant contributor to the company's revenue, generating Rs. 49.84 lakhs for the quarter and Rs. 101.11 lakhs for the half-year period.

Balance Sheet Highlights

As of September 30, 2025, ICDS Limited reported:

Management Commentary

Sujir Prabhakar, Chairman & Managing Director of ICDS Limited, chaired the board meeting held on November 12, 2025, where these results were approved.

Tax Dispute Resolution

In a significant development, ICDS Limited has resolved a long-standing tax dispute by adopting the Direct Tax Vivad Se Vishwas Scheme 2024. The company deposited Rs. 113.53 lakhs to settle the dispute related to the assessment year 1998-99, demonstrating its commitment to clearing legacy issues.

Outlook

While the quarterly loss is a concern, the overall half-year profit indicates that ICDS Limited has maintained profitability over a longer term. The company's diverse business segments, particularly its strong performance in the rent on premises category, may provide some stability amidst fluctuating results in other areas.

Investors and stakeholders will be watching closely to see if the company can reverse the quarterly loss trend and build on its half-year performance in the coming periods.