Board Meeting Outcome
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Awaiting price reaction for this filing.
Ardi Investment and Trading Co Ltd's board, on November 7, 2025, approved unaudited financial results for the quarter and half-year ended September 30, 2025. For Q2 FY26, revenue from operations was nil with a small loss before tax of Rs. 0.96 lakh, similar to Q2 FY25's loss of Rs. 1.86 lakh. For H1 FY26, the company posted a profit before tax of just Rs. 2.82 lakh (PAT nearly breakeven) versus a profit of Rs. 183.18 lakh and PAT of Rs. 135.54 lakh in H1 FY25 — a sharp year-on-year reversal in earnings. Operating cash flow for H1 FY26 was a negative Rs. 2.94 lakh, swinging from a positive Rs. 80.70 lakh a year earlier. Statutory auditor S K Bhavsar & Co. issued an Emphasis of Matter, flagging pending verification of trade receivables, trade payables, loans/advances, and investments, and the absence of a GSTIN during the period, which limits verification of revenue from goods sales.
A sharp year-on-year earnings reversal, negative operating cash flow, and auditor concerns over pending verifications and the missing GSTIN raise questions about earnings quality and may weigh on the stock.