Palash Securities Reports Consolidated Net Loss of ₹274.19 Lakhs in Q2 FY26

Palash Securities Limited , a diversified company with interests in investing and food processing businesses, has reported a consolidated net loss of ₹274.19 lakhs for the quarter ended September 30, 2025 (Q2 FY26). This marks an improvement from the net loss of ₹296.16 lakhs reported in the corresponding quarter of the previous year.

Financial Performance

The company's consolidated financial results for Q2 FY26 reveal several key points:

Particulars (₹ in lakhs)	Q2 FY26	Q2 FY25	Change (%)
Total Income	2,563.26	1,575.03	+62.74
Total Expenses	2,668.07	1,659.94	+60.73
Profit/(Loss) before tax	(104.81)	(84.91)	-23.44
Net Profit/(Loss) after tax	(274.19)	(296.16)	+7.42

Total income for the quarter increased significantly by 62.74% year-over-year to ₹2,563.26 lakhs.
However, total expenses also rose by 60.73% to ₹2,668.07 lakhs.
The loss before tax widened to ₹104.81 lakhs, compared to ₹84.91 lakhs in Q2 FY25.
Net loss after tax slightly improved to ₹274.19 lakhs from ₹296.16 lakhs in the same quarter last year.

Segment Performance

Palash Securities operates in two main segments:

Investing Business:
- Revenue: ₹331.90 lakhs
- Segment Result: Profit of ₹325.84 lakhs
Food Processing Business:
- Revenue: ₹2,210.76 lakhs
- Segment Result: Loss of ₹343.95 lakhs

The food processing business, while contributing significantly to revenue, continues to face challenges, reporting a segment loss.

Standalone Results

On a standalone basis, Palash Securities reported a net loss of ₹57.93 lakhs for Q2 FY26, compared to a profit of ₹40.54 lakhs in the same period last year. The standalone results show:

Total income of ₹370.18 lakhs
Total expenses of ₹9.15 lakhs
Profit before tax of ₹361.03 lakhs
Net loss after tax of ₹57.93 lakhs due to tax expenses

Subsidiary Performance

The company's subsidiary, Morton Foods Limited, continues to face financial challenges. As per the auditor's report:

Morton Foods Limited incurred a net loss of ₹429.16 lakhs for Q2 FY26.
The subsidiary's net worth has substantially eroded, raising concerns about its ability to continue as a going concern.
The management, however, maintains a positive outlook towards the growth and future of Morton Foods Limited.

Balance Sheet Highlights

As of September 30, 2025, the consolidated balance sheet shows:

Total Assets: ₹69,276.21 lakhs
Total Equity: ₹59,096.74 lakhs
Total Liabilities: ₹10,179.47 lakhs

Conclusion

While Palash Securities Limited has seen growth in its total income, the company continues to face challenges, particularly in its food processing segment. The performance of its subsidiary, Morton Foods Limited, remains a concern. The company's strong equity position may provide some stability as it navigates these financial headwinds.

Investors and stakeholders may want to monitor the company's efforts to improve profitability, particularly in its food processing business, and the steps taken to address the financial situation of Morton Foods Limited in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.66%	+0.69%	-0.37%	-4.43%	-25.39%	+316.48%

Palash Securities Limited , has announced significant changes to the leadership team of its material unlisted subsidiary, Morton Foods Limited. The company has appointed a new Chief Financial Officer and an Additional Director in the Independent Category.

Key Appointments

Position	Appointee	Effective Date	Qualifications & Experience
Chief Financial Officer	Nirmal Kumar Sharma	November 6, 2025	- Chartered Accountant - Fellow member of ICAI - Over 15 years of post-qualification experience
Additional Director (Independent Category)	Ashishkumar Harimohan Srivastava	November 7, 2025	- MBA from APS University - Diploma in Foreign Trade from IIFT - Over 25 years of experience

CFO Appointment

Nirmal Kumar Sharma brings a wealth of experience to his role as Chief Financial Officer. His expertise spans finance, accounts, taxation, and strategic budgetary planning across various sectors including retail, multinational corporations, services, and manufacturing. Sharma's appointment is effective from November 6, 2025, strengthening Morton Foods' financial leadership.

Independent Director Addition

Ashishkumar Harimohan Srivastava joins the board as an Additional Director in the Independent Category, subject to shareholder approval. His appointment, effective November 7, 2025, is for a five-year term. Srivastava's extensive experience in the textile value chain, business excellence, strategy frameworks, and commercial operations is expected to bring valuable insights to Morton Foods' board.

Regulatory Compliance

These appointments were disclosed by Palash Securities Limited in compliance with Regulation 30(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Srivastava is not debarred from holding the office of Director by any MCA/SEBI order or other such authorities.

Looking Ahead

With these strategic appointments, Morton Foods Limited appears to be strengthening its leadership team. The diverse experience of both appointees may contribute to enhanced strategic decision-making and operational efficiency within the company.

Investors and stakeholders of Palash Securities Limited may want to monitor how these leadership changes in its material subsidiary impact the overall performance and strategy of the group in the coming quarters.