Aurique Ltd Reports Q2 Profit of Rs 0.12 Crore Amid Audit Qualification

Revenue from operations stood at Rs 1.27 crore for the quarter ended September 30, 2026.
Net profit recorded for the same period was Rs 0.12 crore, up from Rs 0.06 crore sequentially.

Reader Takeaway: Improved top-line growth shows business recovery, though unverified bank accounts remain a significant governance transparency risk.

What just happened

Aurique Ltd announced its financial results for the quarter ending September 30, 2026. The company reported a net profit of Rs 12.41 lakh on revenue of Rs 127.40 lakh, marking a recovery compared to the same quarter last year when revenue was nil.

Why this matters

The financial recovery indicates operational improvement under the current management team, which took charge in May 2025. However, the 'Qualified Opinion' issued by statutory auditor J. M. Patel & Bros. highlights a lack of visibility into certain legacy bank accounts.

Audit Qualification

The auditor stated they could not verify the existence, ownership, or balances of specific old bank accounts due to missing statements or confirmations. This transparency gap prevents a full assessment of the company's financial position regarding these dormant accounts.

Management Response

Management stated they are actively tracing these accounts and seeking confirmations. They noted that the financial impact of these unverifiable accounts has not been quantified at this time.

What to track next

Investors should look for updates in future filings regarding the reconciliation of these bank accounts and any potential adjustments to the financial statements that may result from this process.