In compliance with Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Board of Directors at their meeting held ....
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Artson Ltd reported Q2 FY26 revenue of ₹4,812.38 lakhs, more than doubling from ₹1,951.47 lakhs in Q2 FY25. Half-year revenue surged to ₹9,286.87 lakhs vs ₹4,448.86 lakhs last year. Despite strong top-line growth, the company posted a net loss of ₹223.51 lakhs in Q2 (vs ₹300.41 lakhs loss YoY) and ₹201.92 lakhs loss for H1 FY26. Total expenses grew faster than revenues, with project execution costs jumping sharply. The company's other equity turned negative at ₹(107.57) lakhs, and cash collapsed from ₹500.50 lakhs to just ₹1.30 lakhs. The auditor (Price Waterhouse) issued an unmodified review opinion, but the company flagged significant accumulated losses and relied on a letter of support from its holding company Tata Projects to maintain going concern status.
Mixed picture for shareholders — revenue growth is impressive but profitability remains elusive and the balance sheet is weakening with negative equity component and near-zero cash. Heavy dependence on parent Tata Projects for financial support is a key risk factor that may concern investors, though the strong order execution momentum is a positive signal.