September 2026 results: losses deepen as net worth is fully eroded
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Unaudited results for the quarter and half year ended September 2026 show flat operating revenue of Rs 4.25 lakh and Rs 8.50 lakh, respectively. Net loss was Rs 46.62 lakh for the quarter and Rs 126.17 lakh for the half year, versus Rs 91.88 lakh a year earlier. Net worth is fully eroded and operating cash outflow was Rs 82.75 lakh. The auditor flagged material uncertainty; promoter and holding company support is needed to continue operations.
Erased net worth, continuing losses and dependence on promoter support create major downside risk for shareholders. The stock remains highly speculative.