It is hereby informed that the Board of Directors of the Company at its meeting held today i.e., Wednesday, November 12, 2025, has inter-alia, considered and approved the Un-audited Financial ....
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Balurghat Technologies reported strong revenue growth for Q2 FY26, with net sales rising about 56% year-on-year to Rs 3,261.76 lakhs and H1 FY26 revenue up roughly 60% to Rs 6,060.18 lakhs. Despite the top-line surge, profitability weakened — Q2 net profit fell about 58% YoY to Rs 28.12 lakhs, while H1 net profit slipped to Rs 95.55 lakhs (H1 FY25: Rs 108.26 lakhs), as operating expenses grew faster than revenue. Operating cash flow turned sharply negative at Rs -361.66 lakhs for the half year (versus positive Rs 153.33 lakhs a year ago), driven largely by a surge in trade receivables. The balance sheet shows other equity still in negative territory at Rs -96.88 lakhs and short-term borrowings rising to Rs 2,147.17 lakhs. A major contingent liability of about Rs 57.84 crore is pending with IDBI Bank before the Karnataka High Court. The statutory auditor issued a clean limited review report.
Strong revenue momentum is offset by margin compression, negative operating cash flow, an eroded networth and a sizeable pending IDBI Bank litigation, which together raise concerns about earnings quality and financial health despite the sales growth.