Financial Results for the quarter ended 30th September 2025
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Athena Global Technologies reported a standalone loss after tax of Rs. 408 lakhs for Q2 FY26, marginally better than Rs. 433 lakhs loss in Q2 FY25, but on a sharply lower revenue base of Rs. 229 lakhs versus Rs. 304 lakhs (down ~24.5% YoY). Consolidated loss after tax widened significantly to Rs. 637 lakhs in Q2 FY26 from Rs. 469 lakhs in Q2 FY25. Total consolidated expenses surged to Rs. 940 lakhs against total income of Rs. 291 lakhs, reflecting severe margin compression across its software services, online pharmacy, online education and leasing segments. Other income includes accrued interest of Rs. 72 lakhs from loans given to subsidiaries Medley Medical Solutions and Tutoroot Technologies. The board approved a long-term 99-year lease agreement with Centaurus SP AV Ventures LLP for 1,25,048 sq ft, fetching an upfront lease premium of Rs. 85.87 crore. Auditor Ramanatham & Rao issued an unqualified review report on both standalone and consolidated results. Standalone operating cash flow was positive at Rs. 1,740 lakhs, supported by a Rs. 3,261 lakh increase in other financial liabilities.
Sharply declining core revenue combined with widening consolidated losses signals serious operational stress, though the Rs. 85.87 crore lease premium and Rs. 23,900 lakh investment property provide asset backing and liquidity. Shareholders should watch closely whether the new leasing income translates into sustainable profitability.