The Board of Directors had approved the unaudited financial results for the quarter ended September 30 2025
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 03 Jun 2026, 05:54 PM IST · BSE ID: 8983fbb0-63d8-4163-bbbf-814199726355
View Original BSE Filing (PDF)
⚡ Quick Answer
Binny Ltd's Board approved unaudited financial results for Q2 FY26, reporting a revenue of INR 1,442.55 Lakhs for the quarter ended September 30, 2025. However, the auditor issued a qualified conclusion due to significant unconfirmed advances and unresolved revenue recognition from a land sale totaling Rs. 2,918.05 Lakhs and Rs. 1,912 Lakhs respectively.
💡
In Simple Terms
The company's board approved its latest financial results, but its auditor noted significant concerns about unconfirmed payments and revenue recognition.
🤖 AI Summary
- Binny Ltd's Board approved unaudited financial results for the quarter ended September 30, 2025.
- Auditor issued a qualified conclusion citing Rs. 2,918.05 Lakhs in unconfirmed advances to RRB Energy Limited.
- Auditor also flagged Rs. 1,912 Lakhs receivable from M/s Sanklecha Infra Projects Private Ltd due to revenue recognition and inventory valuation issues.
- Revenue from operations for Q2 FY26 was INR 1,442.55 Lakhs; Net profit for the quarter was INR 997.84 Lakhs.
- Total assets as of September 30, 2025, stood at INR 83,234.23 Lakhs.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from operations (Quarter ended 30.09.2025)
1,442.55 Lakhs
Net Profit (Quarter ended 30.09.2025)
997.84 Lakhs
Unconfirmed Advances to RRB Energy Limited
2,918.05 Lakhs
Unconfirmed Receivable from Sanklecha Infra Projects Private Ltd
1,912 Lakhs
Total Assets (as of 30.09.2025)
83,234.23 Lakhs
🏢 How This Affects the Company
The qualified audit conclusion indicates significant unconfirmed financial items, including Rs. 2,918.05 Lakhs in advances and Rs. 1,912 Lakhs in receivables, impacting the reliability of the reported financial position and performance.
The repeated qualified auditor opinions, specifically concerning large unconfirmed balances and revenue recognition, introduce heightened financial reporting risk and regulatory scrutiny for the company.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the qualified audit opinion, which impacts the reliability of the company's financial statements, specifically regarding the recoverability of Rs. 2,918.05 Lakhs in advances and Rs. 1,912 Lakhs in receivables.
🔍
Management Signal
Management continues to publish financial results despite recurring auditor qualifications related to significant unconfirmed balances and revenue recognition practices.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q3 FY26 results — check if auditor qualifications on receivables persist.
NCLT proceedings outcome against RRB Energy Limited regarding advances.
Clarification on revenue recognition for M/s Sanklecha Infra Projects Private Ltd.
HIGH RISK
Recurring qualified audit opinions on substantial financial items indicate significant financial reporting and recoverability risks.
💡 Investor Takeaway
Binny Ltd's Board approved Q2 FY26 unaudited results, reporting INR 997.84 Lakhs net profit. The auditor issued a qualified conclusion, citing Rs. 2,918.05 Lakhs in unconfirmed advances and Rs. 1,912 Lakhs in unresolved receivables and revenue recognition issues.
⚖️ Strengths & Concerns
✅ Positives
- Binny Ltd reported a net profit of INR 997.84 Lakhs for the quarter ended September 30, 2025.
- Total assets increased to INR 83,234.23 Lakhs as of September 30, 2025, from INR 81,312.56 Lakhs as of March 31, 2025.
⚠️ Concerns
- Auditor could not obtain sufficient evidence for recoverability of Rs. 2,918.05 Lakhs advanced to RRB Energy Limited.
- Auditor was unable to comment on completeness and appropriateness of revenue recognition and recoverability of Rs. 1,912 Lakhs receivable from M/s Sanklecha Infra Projects Private Ltd.
📅 Company Track Record
Binny Ltd has consistently faced audit qualifications. Past filings indicated unresolved financial items of INR 4,830.05 Lakhs in Q1 FY26 and FY25, and a pending SEBI penalty of Rs. 600 Lakhs, underscoring ongoing financial transparency challenges.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Binny Ltd's net profit for the quarter ended September 30, 2025?
Binny Ltd reported a net profit of INR 997.84 Lakhs for the quarter ended September 30, 2025.
What was Binny Ltd's revenue from operations for Q2 FY26?
Binny Ltd's revenue from operations for the quarter ended September 30, 2025, was INR 1,442.55 Lakhs.
What issues led to a qualified conclusion from the auditor for Binny Ltd?
The auditor issued a qualified conclusion due to Rs. 2,918.05 Lakhs in unconfirmed advances to RRB Energy Limited and Rs. 1,912 Lakhs in unresolved revenue recognition from a land sale.
What were Binny Ltd's total assets as of September 30, 2025?
Binny Ltd's total assets as of September 30, 2025, amounted to INR 83,234 Lakhs.
Questions based on this BSE filing only. For information purposes.