We submit herewith a copy of un-audited financial result of the company for the quarter and half year ended 30th september, 2025.
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Total Income grew about 32% year-on-year to Rs 101.60 lakhs in H1 FY26, but the lift came almost entirely from 'Other Income', which jumped to Rs 58.05 lakhs (vs Rs 19.21 lakhs a year ago), likely linked to the long-pending Hindustan Copper arbitration settlement. Core Revenue from Operations actually fell about 25% to Rs 43.55 lakhs, because the company's gas plant has been shut since October 2021 after the HCL supply contract expired. The Power segment grew sharply while Gases revenue kept shrinking. Profit swung from a loss of Rs 50.91 lakhs in H1 FY25 to a profit of Rs 8.99 lakhs in H1 FY26, with Q2 FY26 PAT at Rs 7.98 lakhs versus a loss of around Rs 45 lakhs in Q2 FY25. The statutory auditor (Chaturvedi & Co. LLP) issued a clean, unqualified limited review report.
The headline return to profit and stronger operating cash flow (Rs 78.68 lakhs vs a Rs 55.51 lakh outflow last year) are positive, but the improvement is propped up by arbitration-related income rather than reviving core gas operations, so sustainability of earnings remains a key question for shareholders.