Unaudited Financial result for the quarter ended 30-09-2025
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Awaiting price reaction for this filing.
Tridev Infraestates Ltd (formerly Ashutosh Paper Mills) reported Q2 FY26 standalone results with revenue from operations of Rs 3.55 lakh, up about 32% from Rs 2.68 lakh in Q2 FY25. Total income for the quarter stood at Rs 5.20 lakh, with profit before tax of Rs 1.49 lakh and EPS of Rs 0.023. For H1 FY26, revenue from operations rose to Rs 5.70 lakh from Rs 4.67 lakh (around 22% growth), though profit before tax dipped to Rs 2.42 lakh from Rs 2.93 lakh. The balance sheet continues to show deeply negative reserves and surplus of Rs (321.36) lakh, signalling large accumulated losses against share capital of Rs 652.54 lakh. Auditor GAMS & Associates LLP issued an unmodified limited review report, and the company separately confirmed there were no deviations in the use of IPO proceeds.
Small but accelerating top-line is mildly positive, yet negative net worth, declining profitability on a half-year basis, and the very low absolute scale mean the stock is unlikely to see a meaningful re-rating. Shareholders should watch whether the pivot from paper mills to infrastructure yields sustained earnings and a recovery in reserves.