Un-Audited Financial Results for the half year ended on 30th September, 2025
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AIK Pipes and Polymers reported its H1 FY26 (April–September 2025) standalone unaudited results, approved at the board meeting on 14th November 2025. The company has slipped into losses, with profit before tax of approximately negative 72.69 lakhs and reserves & surplus declining from 1,647.08 lakhs (March 2025) to 1,572.50 lakhs as of September 2025. Long-term borrowings were trimmed marginally from 84.77 to 80.16 lakhs. Trade receivables dropped sharply from 1,504.61 to 1,030.64 lakhs, indicating strong collection, but inventories built up from 721.14 to 887.78 lakhs. Cash and bank balance remained almost flat at ~25.6 lakhs. Auditor R P Khandelwal & Associates issued a clean (unqualified) limited review report with no qualifications.
The company is loss-making with eroded reserves, which may weigh on the stock price. However, debt levels are being brought down and receivables collection is healthy, which are mild positives for shareholders.