A Copy of Newspaper Advertisement of unaudited Financial Results (Standalone & Consolidated) for the first quarter ended 30th June, 2025 as approved by IMA Committee of the Company published ....
Awaiting price reaction for this filing.
Ushdev International has filed copies of its newspaper advertisement containing the unaudited financial results for Q1 FY26 (quarter ended 30 June 2025), published in Business Standard and Pratahkal on 14 August 2025 and approved by its IMA Committee. Standalone revenue from operations rose to ₹485.34 lakhs, up from ₹367.62 lakhs in the same quarter last year, but the company slipped into a wider net loss of ₹137.41 lakhs versus ₹31.19 lakhs in Q1 FY25. EPS stood at -₹0.04 for the quarter. The balance sheet shows massive accumulated losses with reserves of -₹3,24,144.77 lakhs. The filing also reiterates that the company was under Corporate Insolvency Resolution Process (IBC, 2016) and that its resolution plan was approved by NCLT Mumbai on 3 February 2022, with powers vesting with the Implementing Agency.
Despite higher quarterly revenue, persistent and widening losses combined with deeply negative reserves point to ongoing financial stress — investors should view this stock as a high-risk, distressed name, with the post-CIRP governance setup (Implementing Agency in control) remaining a key factor in any recovery thesis.