Frontline Corporation Ltd

Financial performance

• Revenue from operations: Rs 11,834.63 Lakh
• Total income: Rs 12,176.50 Lakh
• Profit before tax: Rs 306.96 Lakh
• Profit for continuing operations: Rs 241.08 Lakh
• Total comprehensive income: Rs 246.94 Lakh
• EPS: Rs 4.84
• Dividend declared: none

Segment performance

• Wind energy: Rs 190.74 Lakh
• Trading: Rs 5,085.75 Lakh
• Transportation: Rs 2,922.18 Lakh
• Petrol Pump: Rs 3,362.66 Lakh
• Renting immovable property: Rs 114.16 Lakh
• Total external sales: Rs 12,176.50 Lakh

Capital structure & liquidity

• Total borrowings Rs 5,522.06 Lakh; current Rs 5,040.57 Lakh; non-current Rs 481.50 Lakh
• Cash and cash equivalents Rs 111.19 Lakh
• Net debt to equity: 3.09x
• CFO Rs 204.29 Lakh; CFI Rs 125.33 Lakh; CFF Rs -284.70 Lakh

Dividend & AGM

• No dividend declared for the year
• 37th AGM on 22 Sept 2026 via VC/OAVM
• Remote e-voting from 19-21 Sept 2026; cut-off 16 Sept 2026

Audit, governance & controls

• Auditor Paresh Thothawala & Co; report dated 30 May 2026
• Standalone Ind AS report is qualified on NPA interest non-provision and impairment
• Emphasis on SARFAESI notices
• Material weakness in internal controls over loans/guarantees
• Secretarial audit by Jalan Alkesh & Associates

Contingent liabilities & litigation

• Contingent liabilities Rs 32,393.19 Lakh
• CIRP: Fairdeal Supplies Limited admitted; implications not determinable
• Lenders' SARFAESI actions ongoing; some properties under possession

Related party transactions

• All related party transactions at arm's length
• Major goods sales: Rs 923.76 Lakh to Fairdeal group
• Rent income Rs 1.80 Lakh; Rent expense Rs 36.38 Lakh
• KMP compensation: S K Verma Rs 18.24 Lakh; Komal Shah Rs 7.34 Lakh

Regulatory & governance disclosures

• Listed on BSE and Calcutta Stock Exchange
• Board meetings: 8; Independent Directors: 4
• Two ROC charges pending registration; notes in Annexure
• Corporate governance certificates and secretarial attestations provided

Board actions

• Board approved standalone unaudited results for quarter ended 30 June 2026.
• Limited Review Report by Paresh Thothawala & Co; no material misstatement detected.
• Trading window remains closed for 48 hours post results declaration.

Financials & geography

• Total Income for quarter ended 30 June 2026: 231173.
• Ahmedabad revenue: 2,072.65; Kolkata: 607.256; Bengaluru: 231.84; Total: 2,911.73.
• Geographic segment profit: Ahmedabad 84.21; Kolkata 22.38; Bengaluru -4.53; Total 102.05.

Profitability snapshot

• Profit before tax for the quarter: 102.05.
• Total Comprehensive income for the quarter: 80.70.

Regulatory update

• Intimation under Regulation 30 LODR regarding freezing of promoters' demat accounts.
• Company received email dated 16.07.2026 from BSE Limited about the freeze.
• Circular HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 governs penal actions for non-compliance.
• Company is reviewing the communication and will resolve the issue at the earliest.
• Status: under review; issue being resolved at the earliest.

Financial highlights

• Net sales from operations for year ended 31 Mar 2026: 12,176.50 Lakhs; YoY growth ~12%.
• PAT after tax for year ended 31 Mar 2026: 241.08 Lakhs; down from 288.85.
• EPS (basic and diluted) for year ended 31 Mar 2026: 4.84.
• Segment revenue breakdown for year ended 31 Mar 2026: Transportation 2,922.18; Trading 5,085.75.
• Wind Energy 180.74; Renting 114.18; Petrol Pump 3,362.66; Other Income 501.00; Total 12,176.50.
• Net cash from operating activities (year ended 31 Mar 2026): 11,764 Lakhs.
• Closing cash and cash equivalents: 106.19 Lakhs.
• Total assets as of 31 Mar 2026: 8,502.84 Lakhs; Equity share capital 497.75; Other equity 1,288.07.
• Auditor's opinion: Qualified due to NPAs interest non-provision and SARFAESI matters; CIRP noted.

Audit observations

• Notes: non-provision of Rs 671.98 Lakhs interest on NPAs; profit overstated accordingly.
• Lenders' SARFAESI actions; stay orders; CIRP of Fairdeal Supplies noted.

Balance sheet & liquidity

• Total assets: 8,502.84 Lakhs; Net cash from continuing operations: 11,764 Lakhs.
• Cash and cash equivalents at end: 106.19 Lakhs.

Business segments

• Segment revenue (year ended 31 Mar 2026): Transportation 2,922.18; Trading 5,085.75.
• Wind Energy 180.74; Renting of properties 114.18; Petrol Pump 3,362.66; Other Income 501.00.

🗓️ Meeting Details

• Board meeting scheduled for February 14, 2026.

📊 Financial Performance

• Approval of un-audited standalone financial results for Q3 ended December 31, 2025.