Announcement of Unaudited Financial Results under IND AS for the 2nd Quarter Ended 30th September 2025 as per Regulation 33 of the SEBI (LODR) Regulations 2013
Awaiting price reaction for this filing.
Turner Industries Limited's board, at its 10 November 2025 meeting, approved unaudited financial results for Q2 FY26 and the half-year ended 30 September 2025. The company reported zero income from operations across all periods, with a net loss of Rs. 0.64 lakhs for Q2 FY26 and Rs. 0.67 lakhs for H1 FY26, slightly narrower than the Rs. 0.95 lakh loss in H1 FY25. Reserves remain deeply negative at Rs. (389.86) lakhs, leaving total equity at just Rs. 1.76 lakhs. The company's entire borrowings of Rs. 38.64 lakhs are in the form of a loan from a director, cash on hand is only Rs. 0.70 lakhs, and operating cash flow is negative at Rs. (0.11) lakhs. The auditor (A. John Moris & Co) issued an unqualified review report.
The combination of zero revenue, continuous losses, near-eroded equity, and reliance on director loans signals deep financial weakness for shareholders, though the small scale and director support currently keep the company afloat. Stock remains a high-risk, thinly-traded name with limited near-term catalysts.