Approval of unaudited financial results for the quarter ended 30th September 2025
Awaiting price reaction for this filing.
The Board of Amit International Limited approved unaudited financial results for the quarter and half-year ended September 30, 2025, along with the Limited Review Report from auditor Vinod S Mehta & Co., which was clean (unmodified). The company reported zero revenue from operations; total income came only from 'other income' of Rs 6.85 lakhs in Q2 FY26 (down from Rs 8.23 lakhs in Q2 FY25) and Rs 15.77 lakhs for H1 FY26. Profit after tax was Rs 1.52 lakhs in Q2 (vs a loss of Rs 1.49 lakhs in Q2 FY25) and Rs 5.68 lakhs for H1 FY26, translating to a very thin basic EPS of Rs 0.008 (Q2) and Rs 0.030 (H1). The balance sheet remains light with total assets of Rs 2,002.94 lakhs (largely investments of Rs 572.65 lakhs and loans of Rs 1,262.60 lakhs), total equity of Rs 1,979.50 lakhs, and almost no borrowings. Cash and cash equivalents stood at Rs 33.25 lakhs, while net cash used in operating activities was a negative Rs 9.18 lakhs for the half-year.
The company shows no active business, relying solely on passive 'other income' which is declining year-on-year, and is burning cash from operations despite booked profits — a red flag for retail investors. With negligible EPS, no operating business, and a near-zero stock price float, this filing signals a dormant shell-like company rather than a value opportunity.