S&T Corporation Revises Q2 Financial Statements, Corrects Cash Flow Error

S&T Corporation Limited has submitted revised unaudited financial statements for the quarter and half-year ended September 30, 2025, to the Bombay Stock Exchange (BSE), addressing an inadvertent error in the cash flow statement.

Correction Details

The company disclosed that the original filing contained quarterly figures instead of half-year figures in the cash flow statement. This revision comes after the board meeting held on November 7, 2025, which had initially approved the financial statements for the second quarter of FY 2025-26.

Financial Highlights

The revised submission includes complete financial statements along with the corrected cash flow statement. Key financial data from the consolidated results include:

Particular	Amount (in ₹ Lakh)
Total Assets	1935.31
Equity Share Capital	636.62
Other Equity	664.40
Total Equity	1301.08
Non-Current Liabilities	636.07
Current Liabilities	1.84

Subsidiary Performance

The consolidated results incorporate the performance of S&T Corporation's subsidiary, SSAVAI SMART ABODES LLP. For the quarter ended September 30, 2025, the subsidiary reported:

Total assets: ₹6,63,330
Revenue: Nil
Net loss: ₹24,548

Cash Flow Statement Revisions

The corrected cash flow statement reveals:

Particular	Standalone (₹ Lakh)	Consolidated (₹ Lakh)
Net cash from operating activities	-8.22	-10.98
Net cash from investing activities	14.03	15.28
Net cash from financing activities	-39.12	-37.75
Net decrease in cash and cash equivalents	-33.33	-33.45

Management's Response

In their communication to the BSE, S&T Corporation stated, "We hereby enclose the complete set of the financial statement along with the revised Cash flow statement. Kindly take the above on record and condone inadvertent error in yesterday's filing."

Auditor's Review

MLR AND ASSOCIATES LLP, the company's auditors, conducted a review of the financial statements. They stated that based on their review, "nothing has come to our attention that causes us to believe that the accompanying statement... has not disclosed the information required to be disclosed in terms of the listing regulations."

The revision of financial statements underscores the importance of accurate reporting in maintaining transparency with investors and regulatory bodies. S&T Corporation's prompt correction and disclosure demonstrate their commitment to providing accurate financial information to stakeholders.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.35%	+4.44%	-5.18%	-24.81%	-56.17%	+280.00%

S&T Corporation Limited, a prominent player in the real estate sector, has announced the approval of its unaudited financial results for the second quarter and half-year ended September 30, 2025. The Board of Directors, in a meeting held on November 7, 2025, gave their nod to both standalone and consolidated financial statements, including results from its 95% stake subsidiary, Ssavai Abodes LLP.

Key Highlights

The Board meeting commenced at 11:00 a.m. and concluded at 11:45 a.m.
The financial results were prepared in accordance with Indian Accounting Standards (Ind AS).
Statutory auditors ML R and Associates conducted a limited review of the results.

Financial Performance

The company's financial performance for Q2 FY2025-26 shows mixed results:

Particulars (₹ in Lakh)	Q2 FY2025-26 (Standalone)	Q2 FY2025-26 (Consolidated)
Revenue from Operations	4.14	4.14
Total Income	9.61	9.61
Total Expenses	1.71	1.96
Profit Before Tax	7.90	7.65
Profit After Tax	6.90	6.65

Balance Sheet Overview

As of September 30, 2025, the company's financial position stands as follows:

Particulars (₹ in Lakh)	Standalone	Consolidated
Total Assets	1,940.54	1,935.31
Total Equity	1,304.79	1,301.08
Total Liabilities	635.74	634.23

Cash Flow Highlights

The cash flow statement for the quarter ended September 30, 2025, reveals:

Net cash generated from operating activities: ₹7.63 lakh (Standalone), ₹8.32 lakh (Consolidated)
Net cash generated from investing activities: ₹10.26 lakh (Standalone), ₹9.01 lakh (Consolidated)
Net increase in cash and cash equivalents: ₹2.66 lakh (Standalone), ₹2.10 lakh (Consolidated)

Subsidiary Performance

The consolidated results include the performance of SSAVAI SMART ABODES LLP, S&T Corporation's subsidiary. For the quarter ended September 30, 2025, the subsidiary reported:

Total assets: ₹6,63,330
Total revenue: Nil
Net loss after tax: ₹24,548
Total comprehensive loss: ₹81,120
Net cash flows: ₹18,958

It's worth noting that the subsidiary's financial results have not been reviewed or audited by their auditors.

Auditor's Review

MLR AND ASSOCIATES LLP, the company's statutory auditors, 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 statements do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

The approval of these financial results demonstrates S&T Corporation Limited's commitment to transparency and compliance with regulatory requirements. Investors and stakeholders may find these results useful in assessing the company's financial health and performance for the second quarter of FY2025-26.