Unaudited Standalone Financial Results
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Awaiting price reaction for this filing.
Amalgamated Electricity Company Limited reported zero revenue from operations for Q3 FY26 and the nine months ended December 31, 2025, with only minor other income of Rs 0.38 lakh in Q3 and Rs 1.25 lakh for 9M FY26. Total expenses stood at Rs 15.88 lakh in Q3 and Rs 26.70 lakh for 9M FY26, leading to a loss after tax of Rs 15.50 lakh for the quarter and Rs 25.45 lakh for the nine months, translating to a loss per share of Rs 0.56 and Rs 0.92 respectively. The company's other equity is deeply negative at Rs (178.11) lakh against a small paid-up equity capital of Rs 138.83 lakh. The statutory auditor (Vatsaraj & Co.) has flagged a 'Material Uncertainty on Going Concern,' noting that current liabilities exceeded total assets by Rs 64.73 lakh and that the company's ability to continue is dependent on future operations and substantial financial support. Comparative figures were audited by predecessor auditors, suggesting a recent change in statutory auditor.
This is a deeply negative outcome for shareholders — the company has no operating revenue, is making losses, has negative net worth, and carries an explicit going-concern warning from auditors. The stock is likely to remain illiquid and under pressure; investors should treat this as a high-risk, essentially dormant shell with material solvency concerns.