Kuber Udyog Limited Reports Improved Q2 FY2026 Results Amid Ongoing SEBI Penalty Appeal

Kuber Udyog Limited , a company primarily engaged in investment activities and securities trading, has released its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company's performance shows improvements in revenue and profitability compared to the same period last year, despite a decrease from the previous quarter.

Financial Highlights

Particulars (in Rs. Lakhs)	Q2 FY2026	Q1 FY2026	Q2 FY2025	H1 FY2026	H1 FY2025
Revenue from Operations	14.81	25.25	10.58	40.07	21.10
Total Revenue	14.81	25.25	10.59	40.07	25.51
Total Expenses	10.10	16.36	10.52	26.46	19.16
Profit Before Tax	4.72	8.90	0.07	13.61	6.34
Profit for the Period	4.72	8.90	0.07	13.61	6.34
Earnings Per Share (Basic)	0.14	0.26	0.00	0.40	0.18

Key Observations

Revenue and Profitability

Revenue from operations for Q2 FY2026 stood at Rs. 14.81 lakhs, a 40% increase compared to Rs. 10.58 lakhs in Q2 FY2025. However, it decreased from Rs. 25.25 lakhs in Q1 FY2026.
Profit before tax for Q2 FY2026 was Rs. 4.72 lakhs, a substantial improvement from Rs. 0.07 lakhs in Q2 FY2025.
Half-yearly profit before tax more than doubled to Rs. 13.61 lakhs from Rs. 6.34 lakhs in the previous year.

Financial Metrics

The basic and diluted EPS for Q2 FY2026 stood at Rs. 0.14, up from Rs. 0.00 in the same quarter last year.
Total assets decreased to Rs. 677.99 lakhs as of September 30, 2025, from Rs. 719.14 lakhs as of June 30, 2025, primarily due to a reduction in loans from Rs. 652.83 lakhs to Rs. 597.22 lakhs.

Business Focus

Kuber Udyog's main business involves investment activities and trading in securities. The company has also earned significant revenue from:

Providing advisory IT services
Consulting on banking regulatory matters
Non-fund based banking services
Bank relationship management

Regulatory Matter

Kuber Udyog Limited is currently facing a regulatory challenge:

SEBI imposed a penalty of Rs. 18.49 lakhs on February 1, 2024.
The company has deposited Rs. 9.25 lakhs and is appealing the decision before the Securities Appellate Tribunal (SAT).
The next hearing is scheduled for November 18, 2025.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting on November 10, 2025. The company's management has prepared the financial statements in accordance with the Indian Accounting Standards (Ind AS) and other recognized accounting practices and policies.

Investors and stakeholders should note that these results are subject to limited review and may be subject to changes. The ongoing SEBI penalty appeal may also impact the company's financial position in the future.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.97%	+5.17%	-10.92%	-17.76%	-17.43%	+2,254.29%

Kuber Udyog Ltd , a Mumbai-based company, has reported a significant increase in profit and revenue for the first quarter. The company also announced plans to surrender its NBFC license as part of a strategic diversification move.

Financial Performance

Kuber Udyog's unaudited financial results for Q1 show a marked improvement in both profit and revenue:

Particulars (Rs. in Lakhs)	Q1 FY2026	Q1 FY2025	YoY Change
Revenue from Operations	25.25	10.52	140.02%
Total Expenses	16.36	9.33	75.35%
Profit Before Tax	8.90	6.28	41.72%

The company's revenue from operations more than doubled to Rs 25.25 lakhs, up from Rs 10.52 lakhs in the same quarter last year, representing a substantial growth of 140.02%. This significant increase in revenue was primarily attributed to the company's new business initiatives.

Profit before tax rose to Rs 8.90 lakhs, marking a 41.72% increase from Rs 6.28 lakhs in the corresponding quarter of the previous year. This growth in profit came despite a 75.35% increase in total expenses, which rose from Rs 9.33 lakhs to Rs 16.36 lakhs.

Strategic Diversification

In a notable development, Kuber Udyog's Board of Directors has taken note of the current status of an application made earlier to surrender the company's NBFC (Non-Banking Financial Company) license. The company stated that it is not accepting any public deposits and has no plans to do so in the future.

As part of its strategic diversification, Kuber Udyog has begun providing a range of new services, including:

Advisory IT services
Consulting on banking regulatory matters
Non-fund based banking services
Bank relationship management

The company's management expressed confidence that this strategic move would not hamper its revenue and profit growth, as evidenced by the strong Q1 performance.

Business Segment and Accounting Standards

Kuber Udyog clarified that its main business remains investment activity, and as such, there are no separate reportable segments as per Ind-AS 108 on Operating Segment. The financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS), prescribed under section 133 of the Companies Act 2013.

Auditor's Review

Bilimoria Mehta & Co, the company's independent auditors, conducted a review of the Q1 results. In their report, they stated 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.

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting. The results are subject to limited review and will be filed with the stock exchange and made available on the company's website.

As Kuber Udyog continues its strategic shift and shows strong financial performance, investors and stakeholders will be watching closely to see how the company's new business initiatives unfold in the coming quarters.