The Board of Directors of Athena Constructions Limited (''the Company''), at its meeting held today i.e. November 14, 2025, has considered and approved Unaudited Financial Results of the ....
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Athena Constructions' board, at its November 14, 2025 meeting, approved the unaudited financial results for the quarter and six months ended September 30, 2025, along with a clean (unqualified) limited review report from JMT & Associates. Total income for H1 FY26 stood at Rs 75.35 lakhs, but the company swung to a much wider loss before tax of Rs (74.28) lakhs versus Rs (16.64) lakhs in H1 FY25, translating to a net loss of Rs (74.27) lakhs with a basic EPS of Rs (0.99). Total expenditure of Rs 38.22 lakhs and finance costs of Rs 36.53 lakhs continued to weigh heavily on the tiny revenue base, and reserves remained negative at Rs (59.01) lakhs, reflecting accumulated losses.
Shareholders face a significantly widening loss and a stressed balance sheet with negative reserves, signalling ongoing operational and financial pressure; the unqualified auditor review offers some comfort on disclosure, but the weak results are likely negative for the stock in the near term.