Interim report
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To, Listing Manager , The Secretary , BSE Limited, BAJAJS ELECTRONICS The National Stock Exchange of India Ltd., (Through NEAPS) Symbol: EMIL (Through BSE Listing Centre) Scrip Code: 543626 Series: EQ ISIN: INE02YR01019 Dear Sir/Madam , Sub: Outcome of the Board Meeting dated 05th November 2026. Pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations , 2015, this is to inform you that the Board of Directors of the Company , at their meeting held on 05th November 2026, has inter-alia approved the Un Audited (Standalone and Consolidated) Financial Results of the Company for the Second Quarter and First Half Year ended on 30th September 2026. Please find enclosed a copy of the Un-Audited (Standalone and Consolidated) Financial Results dated 05th November 2026 and the Limited Review report issued by the Company's Statutory Auditor , Walker Chandiok & Co. LLP. The Board Meeting commenced at 12:30 P.M. and concluded at 01:10 P.M. We request that you kindly take the above information on record. Thanking You, For and on behalf of Elec R .. K~~ aJIV umar Company Secretary and ~-JlY'I 1cer Date: 05th November 2026 Place: Hyderabad ELECTRONICS 8 MART AUDIO& BEVONO KITCH ::N" I STORIES EAsv· KITCH : NS Regd. Office: 6-1-91 , Shop No. 10, Ground Floor, 1 Corporate Office: M.No. 6-3-666/A1 to 7, I Zonal Office: 35- Link Road, Lajpat Nagar Ill , Next to Telephone Bhavan, Secretariat Road, Opp. NIMS Hospital, Punjagutta Main Road, New Delhi - 110024. Ph: 011-45546292 Saifabad, Hyderabad - 500004 Hyderabad - 500082. Ph : 040-23230244 ELECTRONICS MART INDIA LIMITED I CIN No.: L52605TG2018PLC126593 E-mail: communications@bajajelectronics.in Website : www.electronicsmartindia.com
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Walker Chandiok &_Co LLP Walker Chandiok & Co LLP Unit No - 1, 10th Floor, My Home Twitza, APIIC, Hyderabad Knowledge City, Raidurg (Panmaktha) Village, Serilingampally Manda!, Ranga Reddy District, Hyderabad - 500 081 Telangana, India T +91 406 630 8220 F +91 406 630 8230 Independent Auditor's Review Report on Unaudited Standalone Quarterly Financial Results and Year to Date Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Electronics Mart India Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results ('the Statement') of Electronics Mart India Limited ('the Company') for the quarter ended 30 September 2026 and the year to date results for the period 01 April 2026 to 30 September 2026, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. The Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Chartered Accountants Walker Chandiok & Co LLP is registered with lim~ed liability with identification Offices in Ahmadabad, Bengaluru, Chandigirh, Chenn~. Dehradun, Goa, Gurugram, Hyderabad, Indore, Kochi, Kclkata, Mumbai, number AAC-2085 and has its registered New Delhi, Noida and Pune office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India
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Walker Chandiok &_Co LLP 4. Based on our review conducted as above nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 Digitally signed by HEMANT MAHESHWARI MAHESHWARI Date:2026 .11.05 13:07:53 +05'30' HEMANT Hemant Maheshwari Partner Membership No.: 096537 UDIN: 26096537XWUXAN3390 Bengaluru 05 November 2026
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Electronics Mart India Limited Rcgd.Officc : D. No .: 6- 1-9 1, Shop No. 10, Ground Floor , Next To Telephon e llharnn , Secretariat Road, Saifabad, 1 lyderabad, Telan1,>ana - 500004 Corporate Of11cc: ~I. No . 6-3-666/ r\ 1 To 7 - 3rd and 4th Floor, Opp. N I ~IS I lospita.l. l'anjagutta ~lain Road , I I ydcrab ad, Tclangana - 500082 Corporate Identity Numbcr :l .52605TC i2018P I .C 126593; Tel.No s.040-2324 25 12; li'.-mai.l I.D: communication:-@ba.jajc lcctrunic!-.in; Wcbsitl·:",, ·w.c:lcctronicsmani ndia.com STATEMENT OF UNA UDITED STAN DALONE FINANCIAL RESULTS FOR THE Q UART E R AND HALF YEA R ENDED 30 SEPTEMBER 2026 Amount in million s oft unJess otherwi se stated) SI. Particulars Quarter ended Half Year ended Year ended No. 30.09.2026 30.06 .2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) l Rc,·cnuc from operation:-- 18.'J97 .. ,8 24, 189.SU 15,909.74 43, 186.88 .>3,303.64 7 1.8.>2.62 2 Other income 18.28 19.40 16.62 37.68 29.22 8 1.64 Total Income (1+2) 19,015.66 24,208.90 15,926.36 43,224.56 33,332 .86 71,914.26 3 Ex penses (a) Purcha se:- of :-mck-in-lrnd c 20,038.07 17,208.29 15,(,i 1.92 37,246.36 28,2 15. 15 61.566. 12 (b) Cha nges in im·cnwrir.:s of stock-in-t rade (.\%H.% ) 2,809.54 (1,940.49) (1, 159.42) .li 7.59 (104.88) (c) l·'. mploycc benefit~ expense -!(1.,.08 44.,.28 392.00 91lCd6 765.04 1,595.Yi (d) Finance cn:-1s 3Ci2.57 372.38 385.08 734.95 759.2 1 1,536.70 (c) Depreciation anJ amo rtis,tLion l'Xpcn:-c 433.09 415.86 383.58 848.95 75 1.85 1,56 1.62 (f) O ther expenses 1,159.7 1 1,338.97 1,029.88 2,-198.(18 2,088.64 4,393.28 Tota l Ex pen ses 18,487.56 22,588.32 15,861.97 41,075.88 32,897.48 70,548.20 4 Profit befor e exce ptional items and tax (1+2-3) 528.IO 1,620.58 64.39 21 148.68 435.38 1,366.06 5 Add/ (less): Exce ptional items (Refer note 5) - - 151.92 - 70.20 68.44 6 Profit before tax (4-5) 528. IO 1,620.58 216.31 2, 148.68 505.58 1,434.50 7 Tax expen se: f.1) C11rrcnr rn, 164.51 449.83 76.00 6 14.34 184.14 483. 10 (h) Def<:rrc.·d tax bL11c fit (.,8.05 ) (35.50) (2 1.1 5) (73.55) (56.48) (120.-10) 8 Profit for the period/year (6-7) 401.64 1,206.25 161.46 1,607.89 377.92 1,071.80 9 ()1hLr c,1111pu.:h1.- nshc.· inc1,mc/(lnss) - lkme ,1surcmcnt 1-,rain/(loss) on the Jdined benefit plans. 0.(,0 0.60 (0.67) 1.20 (1.33) 2.40 net nf in com<.: ta"i:f.:S 10 'J'ptal comprchc:n:-:1\c incomL' for the pc1io<l/yc ar (8+9) 402.24 1,206.85 160.79 1,609.09 376.59 11074.20 II Paitl•up c4uiry sharl' capitnl .i.84 7.-19 .\847.-19 3,847.49 3,847.-19 3,8-1 7.-19 3.8-1, .-19 (Fan• value of ~HI/- each) 12 Odwr c9uity 12,41 5.53 13 l•:arnings per L·4uiry share (1·'. Pl~S) (Refer Note 6) (Face rnluc of ~ill/- eac h) - Basic (in ab!-olutc t t~rms) 1.04 .>.14 0.42 4.18 0.98 2.79 - Diluted (in abso lute t terms) 1.04 3.14 0.-12 4.18 0.98 2.79 Sl'C accomp anying nolcs m the stanUalom: financial result:,;. P--
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Statement of Sta nd alone Asse ts a nd Liabilities {Amo unt in millions of'{ unless otherwise state d) SI. Particulars As at No . 30.09.2026 31.03.2026 (Unaudited) (Audited) A ASSETS I Non - Current Assets (a) Property, plant and cyuipmcnt 10,159.76 9,938. 17 (b) Right-of- use assets 10,126.53 9,35-1.41 (c) Capital work-in-progre ss 160.27 193.24 (<l) lntani,obk assccs 19.20 22.74 (c) Financial ,\ sscts i) Investments 1.10 I. 10 ii) Other financial assets 949.94 683.90 (0 Deferred tax assets (net) 595.92 522.37 (g) Non-current tax assets (net) 37.67 6-1.96 01) Ocher non-cur rent assets 76(,.94 395.64 Tota l non- current asse ts 22,817.33 21,176.53 2 Current Assets (a) I nvcntoric s 13,5(,6.·1-1 12,41)(,.72 (b) Financial assets i) Trade receivab les -157.89 553.17 ii) Cssh and bank balances 22 1.-15 479.85 iii) Lorns 21.45 19.07 ,·i) Other financial assets 64.55 5.ll4 (c) Other current assets 3,536.78 3,3 1-1.37 To tal c urrent assets 17,868.26 16,778.22 Total Assets 40,685.59 37,954.75 B EQUITY AND LIABILITIES I Equity (a) !equity Sh,ue Capital 3,847.-19 3,8-17.49 (b) Other c9c,ity 1-1,024.62 12,415.53 Tota l equity 17,872.11 16,263.02 2 Non - Current Liabiliti es (a) I :inancial ijabilitics i) Borrowings 1,808.65 1,985. 16 ii) Lease liabilities 11 ,370.84 10,485.26 (b) Prm·isions 15.03 21.26 To tal non-current liabilitie s 13,194.52 12,491.68 3 Current Liabi lities (a) Fmancial liabilities i) Horrow int,rs 5,1(,7.23 6,926.06 ii) Lease liabilit,cs 664.15 573.37 iii) T raJe Payables (a) total outstan<lmg dues o f micro and small enterprises 25.4(, 19.88 (b) total outstanding dues other than (iii) (a) abcwc 2,-107.85 6.Jl).(15 iv) Ocl,cr tinancial liabilities 356.23 36046 (b) Other curr ent Liabihties 687.5-l 517.-15 (c) Provisions 14.71 20.61 (d) Current tax liabilities (net) 295.79 1-12. 17 Total c urrent liab iliti es 9,618.96 9,200.05 Tota l Equity and Liabilitie s 40,685.59 37,954.75
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Standalone Statement of Cas h Flows for the half yea r end ed 30 September 2026 (Amount in millions off unle ss otherwise state d) Particulars For the half year ended 30.09.2026 30.09.2025 (Unaudited) (Unaudited) Cash flows from operati ng activities Profit before tax 2,148.68 505.58 ,\ <ljustmcnts to reco ncile profit before tax to net cash nows: Depreciation an<l amonisat.iun expense 8-18.95 75 1.85 BaJ Uebts written-off - 0.05 Advanc<:s wcitttn-off 12.50 Lo:-:- of Stock due Lo fire accident 81.72 Property, pbm and t:9.uipmcnt written off 15.76 Gain on de-recognition of lease assets (2.92) (5.(,8) (;a.in on accou nl of sale of IQ retail stort.:s (7(,.65) lntcn:st 1...xpcnsc 694.98 735.47 Inte rest income (11 .17) (2 1.1.J) Oper--J.ting cash flows before change s i.u working capital 3,706.78 1,97 1.20 Adju s tn1ent for change s in working capital: Changes in loans (2.38) (3.21) Changcs in or her assets (230.65) 758.85 t~hangcs in im·en1ories (1.159.42) 235.87 Changes in rra<lc rcccl\·ablcs 95.28 5.02 Changes in other financial ass<:ts (9.J.29) (-1 2.93) Changes in tr.1.Je payablc:s 1,773.39 20 1.33 Changcs in financ1:t1 li:ibilnics 21.9 1 (55.2-1) Change s in oth<:r curren1 liabilities and provisions 159. 16 (46.-17) 563.00 1,053.22 Cash gene rated from operation s 4,269.78 3,024.42 lncumc taxt:s paid, ne1 (433.-13) (309.52) Net cash generated from operatin g acti vitie s (A) 3,836.35 2,714.90 Cash flows from investing activiti es Purch:ise of property. plant anti eqwpmelll, including im:mgiblc assets (895.2-1) (819.65) Proc<::cds from sale of IQ retail stores 65.flO Payment 1owar<ls right-of-use asscts (62.111) (79.78) Movement in other bank balances (228. 17) (3.28) Intere st income rcccin:J 8.08 2.-0 Net cash used in inve sting activitie s (B) (1,177.34) (835.01) Cash flows from financing activities Proceed s from long-term borrowings 287.26 Repaym ent o f long-ter m borrowings (176.5 1) (184.05) Proceeds from / (Rcpaymcm of) short-1<.'rm borrowings, net (1,758.83) (1,022.95) Payml.'nt of lease liability (2°9. ltl) (232.18) I nccrc:st paid (702.97) (782.13) Net cash (used in)/ generated from financing activitie s (C) (2,917.41) (1,93.J.05) N et decrea se in cash and cash eq uivalents (A+B+C) (258.40) (54. 16) Cash .m<l cash c4ui,alcn1s m the bcginmng, of the ye:i.r -179.85 296.05 Cash and cash cq ujvalcnts at the end of the period 221.45 241.89 Components of cash a nd cash equi valent s at e nd of the period Cash on hand -13.34 93.04 Balances with banks 178.11 1-18.85 T otal cash and cash equivalents 221.45 241.89
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Notes : 1 The unaudited standalon e financial results for the 4ua rtu endctl .10 Septemb er 2026 and year to date results for the period 1 /\ pril 2026 to 30 Septemb er 2026 were reviewetl by the .\udi t C:nmtTuttee anti appro ved by the Board of Director s of the Company at their meetings held on 05 Nove mber 20~6. 2 'l'h e Statutory ,\ uditors of the Co mpan y have carried out a limited review of the unautlited standalone financial results fur the quarter and half year ended 30 Septemb er 2026 anti have issuetl an unmodified Review Repon . Th e Review Report of the Statutor y 1\uditor s is being filctl with the Na tional Stock 1, xchangc of India l,imited ('NS I;') and BSJ; Ltd (' BSE') and is also available on the Company's website. 3 These unaudited standalone fiiun cial results have been prepared in acco rdance with the recog nition and measurement principles bid down in Indian ,\ cco unting Standards (Ind ;\ S) prescribed und er Section 133 o f the Companies Act, 2013 ('the i\ ct') read with the relevant rules issuetl thcreuntler , other acco untin g princip les generally accepted in India and is in compliance with the presenracion <1ntl disclosure re4uircmcnts of regulation 33 of SEBI (Listing Ob liwnions and Disclosure Requirements) Regulation s, 2015 (as amended). -+ The Company opera tes in a single reportable segment viz retail and wholesale sales of consumer durable and el<:ctronics protlucts throug h its retail stores rnd online platform s. '!'he Chief Opero ting Decision Moker ('CODM' ) reviews the results •s • whole when making dcci~ions abo ut allocating resource s anti assc~sing pcrfon n:1ncc of the Con1pany. 5 F,xcc:ptional item: a) ( )n 29 May ~025, a fire incitlent occu rred at one of the Compa ny's godowns, resulting in significant damage to inventory valued 3t <81.72 million which was rcco1-:,ri1iscd as :in except io nal itc1n. The Company lodged an insttrancc claitn for the full amo unt. Durin g the <1uarter ended 30 September 2025, the Company received fu ll anti final settleme nt for 05.27 million against the claim, which was rccogni~e<l a~ an cxccpnonal item in the Srarcmcnr of Profit an<l Loss. b)The Compan y, tlucing the 4uaner cndetl 30 September 2025, tran sfcrretl its four "IQ" retail stores located in the states of Tclangana anti ,\n tlhra Pradesh, along with the rclatcu trademarks and certain imm ovable assets but cxclutling inventory, for a total considerat ion of {80 million. Th e gain on tlisposa l o f such assets of ~76.65 million was reco.',~uzetl as an excepti onal item in the Statement of Profit and Loss. c) The Gove rnment of ln<li:i has merged various existing labour laws into a unified framework con1prising four labour co<lcs, collectively refcrretl to as the "New Labour Code" . ,\ccortlingly , the Company had recognized a one-time impact of~ -t2.63 millions in compliance with Ind ,\ S 19, relating to changes in employee benefit oblig.1tions, and had presented this amount as an cxceprional item in the Statement of Profit and Loss for the quarter and nine monrh ended December 31 , 2025. Du ring the qua rter ended 3 1 March 2016, the Company had restrncturcd the compc: nsation to c: mployccs which resulted into a reversal of the impact of labour codes ~ 40.87 millions which was accou nted under exceptional item. Th e Compa ny continues to monitor the developm ents pertaining ro Labo ur Cotles and will evaluate impact if any on the measurement of liability pertaining tu employee benefits. 6 Th e P.PP.S for <1uartcrs and half year arc nu t annua lized. Place : [ I yuerabad Date : 05 November 2026 By Uruer of the Board y=;s:"•C.m"'' Pavan Kumar Ba1a1 Chairman & lvlanaging Director D IN: 07899635
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Walker Chandiok &_Co LLP Walker Chandiok & Co LLP Unit No - 1, 10th Floor, My Home Twitza, APIIC, Hyderabad Knowledge City, Raidurg (Panmaktha) Village, Serilingampally Mandal, Ranga Reddy District, Hyderabad - 500 081 Telangana, India T +91 406 630 8220 F +91 406 630 8230 Independent Auditor's Review Report on Unaudited Consolidated Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Electronics Mart India Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement') of Electronics Mart India Limited ('the Holding Company') and its subsidiaries i.e. Cloudnine Retail Private Limited and EMIL CSR Foundation (the Holding Company and its subsidiaries together referred to as 'the Group'), for the quarter ended 30 September 2026 and the consolidated year to date results for the period 01 April 2026 to 30 September 2026, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable. Chartered Accountants Offices in Ahmedabad, Bengaluru, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Hyderabad, Indore, Kochi, Kolkata, Mumbai, New Delhi, Naida and Pune Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has Its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India
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Walker Chandiok &_Co LLP 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 Digitally signed by HEMANT MAHESHWARI MAHESHWARI Date: 2026.11.05 13:09:02 +05'30' HEMANT Hemant Maheshwari Partner Membership No. 096537 UDIN: 26096537FGWHYY9595 Bengaluru 05 November 2026
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Electronics Mart India Limited Rcgd.Office: D. No.: 6- 1-9 1, Shop No. 10, Grou nd Floor. Ncx1 'Io i dcphonl Bha\·:tn, Sccrctariat Road, Saifabad, I lydcrabad, Tclan&~na - 5(K) 004 Corpor.m: Office : ~I. No. 6-3-666/ A I T o 7 - Jr<l and -hh noor, C >pp. NI t\ lS I lo!spital, Panp1.gurrn i\lain Road, I l)·dcmbad, Tclangana - 500 082 Corpora te l<lcntiry N umbc.:r:l.526(1S'rG2<Jl8PI .C 126593; Tcl.Nos.lHtJ -2324 25 12; 1-:-mail I.D: cummun1carions@bajaJC:lccLron1cs.in; Wcb.s-itt.::\\"\\"\\'.clcctronicsmartindia.cum STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2026 (Amounts in millions o ft unle ss o therwise stated) SL Particulars Quarter ended Half Year ended Year ended No . 30.09.2026 30.06 .2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Un audited) (Unaudited) (Unaudited) (Unaudited) (Audited) I Rcn.·nuc from operations 18,997.38 24,189.511 15,91)9.74 43,186.88 33,303.64 71,832.62 2 Othl'r income 18.37 19.50 16.711 37.87 29.3\ 81.88 Total Inco me (1+2) 19,015.75 24,209.00 15,926.44 43,224.75 33,332.95 71,914.50 3 E xpen ses (n) Purchases o f stoc k-in-trade 20,03R.(P 17,208.29 15,611.92 37,246.36 28,215.15 6 1,566. 12 (b) Changes in 1m·l'mo rics ol :,;tock-in-tr:uk (3,968.%) 2,809.54 ( I ,9411.49) (I , I 59.42) .1 17.59 (1114.88) (c) Employee bl'nctits expense 463.liS 443.28 .392.0(1 906.36 765.04 1,595.36 (d) Furn.nee cos r:,; .%2.57 372.38 185.118 734.95 759.2 1 1,536.70 (c) Dcprcc1:uion anc.l amortisati o n cxpl'n:-c 413.119 415 .86 .183.71 848.95 751.98 1,56 1.63 ({) ( )ther c.:xpcnscs 1, 159.92 l,3'18.95 1,029.87 2,498.87 2,U88.93 4,393.93 T o tal Expe nses 18,487.77 22,588.30 15,862.09 41,076.07 32,897.90 70,548.86 4 Pro fit be fore exce ption al i1e m s and rnx (1+2-3) 527.98 1,620.70 64.35 2,148.68 435.05 1,365.64 5 Add / (Less) : Exce ptional item s (Refer Note 5) - 151.92 70.20 68.44 6 Pro fit befo re tax (4-5 ) 527.98 1,620.70 216.27 2, 148.68 505.25 1,434.08 7 Ta x expense (a) Curn:nt tax 164.51 449 .83 76.IH) 6 14.34 184. 14 483 .111 (b) !JefrrrcJ tox benefit (38.05) (35.50 ) (21.15 ) (7355) (56.48) (121!.411) 8 Profit for the period (6-7) 401.52 1,206.37 161.42 1,607.89 377.59 1,071.38 9 Oth e r Compre hensive inco m e / (loss) Runcnsuru n ent µ-:un/(los-;) o n the defined benefit plans , net 11.611 11.611 (ll.67) 1.211 (1.13) 2.411 o f lllCCllnt .' ta~t:S 10 T ornl Co mpre he nsive In co m e fo r the peri o d (8+ 9) 402. 12 1,206. 97 160.75 1,609.09 376.26 1,073.78 JI Paid up 1 •:ljlllty Share Capital 3,847.49 \847.49 3,847.49 1.847.49 1,847.49 },847.49 (i'ncc ,·oluc of ti ll/ each) 12 ( >rh<.:r el1ui1y 12,4 l.l.8(, 13 l·:arning~ per cyu1ty ·d1:uc.: (l~Pl ~S) Qlcfc.:r Notl' 6) (htc\.', ~hu.. ,Jr t!O / each) lh,1c (111 ab:-, 1lutc t tL'rm~) 1.04 3. 14 IJ.42 4.18 ll.98 2.78 Diluted {1n absulutl t terms) 1.114 3. 14 11.42 4. 18 11.98 2.78 ~Cl' accompa nying 1101c~ 10 the consolic.latl'<l financial results. ,..
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Statement of Co nso lid ate d Assets and Liabili ties (Amount in milli ons of~ unless otherwise stated) St. Particulars Asat No. 30.09.2026 31.03.2026 (Unaudited) (Audited) A ASSETS 1 N on - current asse ts (a) Property, plant and cyuipm cnr 10,159.76 9,938.17 (b) Rjght-of-usc assets 10,126.53 9,35-1.41 (c) Capital work-in-pruh"Tess 160.27 193.24 (d) Intangible assets 19.20 22.74 (c) Financial .i\sscts i) Other financial assets 950.66 684.62 (f) Deferred rax assets (net) 595.92 522.37 (aj Non-cu rrent t:ix asset:- (net) 37.68 64.99 Q1) ()rhc.: r no n-current assets 766.94 395.64 Total non-current assets 22,816.96 21,176.18 2 Current asse ts (a) Inventories 13,566.14 12,406.72 (b) Financial assets i) Trade receivables 457.89 553.17 ti) Cas h and cash eywv alcncs 239.3-1 497.47 iii) l .. oan:; 21.45 19.07 vi) C)thcr financial n:-sct:,; 64.59 5.09 (c) < )thcr current assets 3,535.34 3,313. 15 T o tal current assets 17,884.75 16,794.67 Total Asse ts 40,701.71 37,970.85 B EQUITY AND LIABILITIES I Equi ty (a) icywt) Share Capital 3,847.49 3,8n.49 0,) O ther cywty 14,022.95 12,413.86 Total Equity 17,870.44 16,261.35 2 Non - current liabiliti es (a) l•inancial liabilities i) Borrowin g~ 1,808.65 1,985.16 ii) Lease liabilities 11 ,370.84 10,485.26 0,) Prov isions 15.03 21.26 Total non-current liabilities 13,194.52 12,-191.68 3 Current liabiliti es (a) l'inancial liabilities i) Borrowings 5,167.13 6.926.06 ii) Lease liabilities 66-U S 573.37 iii) Trad e Papblcs (a) to tal o utstanding dues of micro and small enterprises 25.46 19.88 (b) total outstandi11g dues other than (iii) (a) above 2,-t0S.50 6-10.65 iv) Other financial liabilities 356.23 360.46 (b) Other current liabilities 70-+.68 534.62 (c) Provisions 1-+.71 20.61 (d) Current tax liabilities (net) 295.79 14'.!. 17 Total current liabiliti es 9,636.75 9,2'17.82 Total Equity and Liabilities 40,701.71 37,970.85
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Conso lidated Sta tement of Cash Flow s for the the half yea r end ed 30 September 2026 (Amount in million s off unless otherwise stated) Particulars For the half vear ended 30.09.2026 30.09.2025 (Unaudited) (Unaudited) Cas h flows fro m operatin g ac tivitie s Profit before tax 2, 1.JH.68 505.25 Adjustments to reconcile profit before ta.x to net cash flows: Dc:prcc1ation and amort.isarion c-..:pcnsc 8-18.95 75 1.98 lla<l debts writtcn -o ff 0.05 , \<lvanccs wnrtcn-u ff l'.!.50 Loss of Srock due to fire accident 8 1.72 PPE written off 15.76 (;ai n on <.k -rccog ni □o n of lease assets (2.92) (568) Cain on acco unt of sale of IQ rct-:ul sto res - (76.65) Inte rest expense 694.98 735.47 Jnt(;rcst income (11.17) (2 1.23) Operating cas h flows befo re chan ges in working capital 3,706.78 1,970.91 Adjustment fo r changes in working capita l: Cha nges in lo:tns (2 . .',8) (3.21) Changes 111 other as!-cts (230.-13) 759.30 Changes in inn:morics (1, 159.42) 235.87 Changes in trade rccei, ·ablcs 95.28 5.02 Changes in other financial :.tsscls (9.J.28) (-12.9., ) Changes in Lradc payables 1,773 ..J.J 20 1.37 Cha nges in financial liJbilitics 2 1.9 1 (55.2.J) Cha nges in other curn.:nt liabilities and prov isions 159.9 1 (.JS 5(,) 564.03 1,054.62 Cash ge nerat ed from operati o ns 4,270.81 3,025.53 I ncomc ta.'-'.CS pau.l (4.,3.43 ) (309.52) Nee cas h ge nerated from operating activities (A) 3,837.38 2,716.01 Cash flows fro m inve sti ng activities Purchase of propuq , phmt :im.l c"'lu1pmcnt, including intangible ass<.:Ls (895.24) (819.(,5) Proceeds from sale of IQ retail stores 65.00 Paymc..:nt rowarJs nght-of -usc.: :1.ssc.:rs (62.01) (79.78) i\1on'.ment 111 othe r bank balances (228.119) (3.28) ln rcrcst income rccc.:i,·cJ 8.IH 2.70 Net cash used in inves ting activ itie s (B) (1, 178.IO) (835.01) Cash flows from financing activities llcpaymcnt of long-term borrowings (17(,.51) (184.05) Procc.::c<ls from long-term borrowings 287.26 Proccc<ls from/ (Rcpa ymem of) short-term borrow111gs, ncl (1,758.83) (1,022.95) Payment of lease liability (279. 11/) (232. 18) Interest paid (702.97) (782. 13) Net cash (used in)/gencrntcd from financin g activities (C) (2,9 17.41) (1,934.05) Net decrea se in cash and cas h eq uivalents (A+B+C) (258.13) (53.05) Cash 3n<l ca~h C<.J uiv:1lcnt::, m the bct,'lllning of the yc:1r 497.47 305.31 Cash and cas h equivalents at the end of the period 239.34 252.26 Comp o nents of cas h and cas h equ ivalents at the end of die peri od Ca:-.h on ham.l -13.3.J 93.04 Bah1nc<.::s wnh banks 179.97 150.72 Dtposits with maruriry less than 3 months 16.()3 8.50 Tot.ii cas h and cas h eq uiva lents 239.34 252.26
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N otes: 1 The unaudited consolidated financial result s for the quarte r ended :\0 September 2026 and year to date results for the period 1 April 2026 to 30 September 2026 were reviewed by the ,-\udir Com.mim:e and approved by the Board of Directors of the Holding Compan y at their meetin g held o n 05 November 2026. 2 The Statutory 1\uditor s of the Holding Company have carried out a limited review of the unaudited consolidated financial results for the quarter and half year ended 30 September 2026 and have issued an unmodified Review Repor t. The Review Report of the Statutory --\.uditors is being filed with the Na tional Stock Exchange of Indi a Limited ('N SE') and BSE Ltd ('BSE') and is also available on the Holdin g Compan y's website. 3 The se unaudited consolidated financial results have been prep ared in accordance with the recognition and mea surement principle s laid down in the Indian .Accounting Standards (Ind AS) prescribed under Section 133 of the Companie s .A.ct, 2013 ('the Act') read with the relevant mies issued thereunder , other accounting principle s generally accepted in Indi a and is in compliance with the pre sentati on and disclosure requirement s of regulation 33 of SEBI (Listing Obligations and Disclosure Requirement s) Regulation s, 20 15 (as amended ). -+ The Group operate s in a single reportable segment viz retail and wholesa le sales of consumer durable and electronics produ cts through its retail stores and online platform s. The Chief Operating Deci sion ;\faker ('CODM' ) reviews the results as a whole when making decisions about allocati ng resow-ces and assessing performance of the Gro up . 5 Exceptiona l item: On 29 May 2025, a fire incident occurred ar one o f the Holding Compan y's godowns, resultin g in signi ficant damage to invent ory valued at ~81.72 million which was recognised as an exception al item. The Holding Company lodge d an insuran ce claim for the full amount . Durin g the quarter ended 30 September 2025, the I Iolding Compan y received full and final settlement for n5 .27 million against the clain1, which was recognised as an exceptional item in the Statement of Profit and Loss. b)The Holding Company, dw-ing the quarter ended 30 September 2025, transferred its four "IQ" retail stores locate d in the states of Telangana and ,\ndhra Prade sh, alo ng with the related trademarks and certain imm ova ble assets but excluding invento1y, for a total consideratio n of ~80 million. The gain on disposal of such assets of n6.65 million was recognized as an exceptional item in the Statement of Pro fit and Loss. c) The Government of India has merged various existing labour laws into a unified framework comprising four labow- codes, collectively referr ed to as the "New Labour Code ". Accordi ngly, the Holding Compan y had recognized a one-time impa ct of ~ -+2.63 millions in compliance with Ind AS 19, relating to changes in empl oyee benefit obligatio ns, and had prese nted this amount as an exceptional item in the Statement of Profit and Loss for the quarter and nine mon th ended Decemb er 31, 2025. Durin g the quarter ended 31 ;\farch 2026, the Holding Company had restructured the compen sation to employees which resulted int o a reversal of the impact of labow- codes ~ -+0.87 millions which was acco unted under exceptional item . The H olding Compan y continu es to monitor the development s pertainin g to Labour Codes and will evaluate impa ct if any on the measurement o f liability pert aini11g to employee benefits. 6 EPES for quarters and half year are not annu alised. Place : H yderabad Dat e : 05 Nove mber 2026 Ry Order of the Board For Electronics Mart Indi a Limit ed Pavan Kumar Bajaj Chairm an & Managing Dire ctor DI N: 07899635