Brands
Signpost lights up growth chart with Rs 3,097 lakh profit in H1FY26
MUMBAI: Looks like Signpost India is pointing firmly in the right direction. The outdoor and digital advertising player has posted a robust Rs 3,097 lakh profit for the half year ended September 2025, riding on steady revenue growth and a disciplined financial game plan.
For Q2FY26, Signpost India limited reported revenue from operations at Rs 13,402 lakh, up from Rs 12,970 lakh in the same quarter last year, a year-on-year increase of 3.3 per cent. Sequentially, revenue dipped slightly from Rs 13,765 lakh in Q1FY26, reflecting seasonal adjustments in ad spending. The company’s total income for the half year stood at Rs 27,400 lakh, an 18 per cent jump from Rs 23,246 lakh recorded during H1FY25.
Profit before tax (PBT) for Q2FY26 came in at Rs 2,258 lakh, compared to Rs 2,381 lakh a year ago, while the half-year PBT reached Rs 4,286 lakh, up 16 per cent from Rs 3,703 lakh in H1FY25. After accounting for taxes, Signpost’s profit after tax (PAT) stood at Rs 1,570 lakh for Q2FY26, with a half-yearly PAT of Rs 3,097 lakh, a notable rise from Rs 2,718 lakh in the corresponding period last year.
The company’s operating efficiency remained steady despite a marginal dip in margins, as total expenses rose to Rs 11,267 lakh in Q2FY26 from Rs 10,685 lakh in Q2FY25, driven primarily by higher service costs and depreciation linked to network expansion.
On a broader view, Signpost’s balance sheet continues to reflect resilience and scale. Total assets as of 30 September 2025 stood at Rs 66,247 lakh, a solid increase from Rs 55,502 lakh at the end of FY25. Trade receivables rose to Rs 24,254 lakh, while cash and bank balances reached Rs 6,543 lakh, underscoring strong liquidity.
Equity also saw a healthy boost, climbing to Rs 25,412 lakh compared to Rs 22,339 lakh as of March 2025, supported by stable earnings and controlled leverage. Borrowings stood at Rs 20,253 lakh, indicating the company’s continued focus on balancing expansion with prudent financial management.
Signpost’s cash flow statement paints a picture of solid operational performance net cash inflow from operating activities touched Rs 1,365 lakh, while investments in fixed assets and capital work-in-progress amounted to Rs 2,448 lakh as the company expanded its physical and digital infrastructure.
With earnings per share (EPS) at Rs 2.94 for the quarter and Rs 5.79 for the half year, Signpost India seems to be in no mood to dim its growth lights.
From traditional hoardings to digital out-of-home formats, the company continues to widen its footprint in India’s fast-evolving ad-tech landscape and if its first-half performance is any indication, Signpost is well on course to make the rest of FY26 a bright and busy one.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
