BOARD MEETING HELD ON 13.11.2025 HAS INTER-ALIA APPROVED UNAUDITED RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30.9.2025
Awaiting price reaction for this filing.
Andhra Pradesh Tanneries Ltd's board approved its unaudited results for Q2 and H1 FY26 on November 13, 2025. The company reported zero revenue from operations across all periods shown, as the company's plant is currently not in operation (explicitly stated in notes). Total income came entirely from 'other income' of ₹4.52 lac in H1 FY26, up from ₹1.00 lac in H1 FY25. The company posted a net loss of ₹4.29 lac in H1 FY26, narrower than the ₹12.16 lac loss in H1 FY25, helped by lower finance costs (no finance costs in H1 FY26 vs ₹3.74 lac earlier). The balance sheet remains deeply stressed: total equity is negative at ₹(1,289.12) lac against paid-up capital of just ₹220.84 lac, with reserves at ₹(1,509.96) lac. Total borrowings stand at ₹1,296.58 lac while cash and equivalents have shrunk to just ₹0.68 lac from ₹4.88 lac at the start of the period.
This is a non-operating, financially distressed company with negative net worth, no business revenue, and dwindling cash reserves. While the auditor issued an unqualified limited review, the combination of a shut plant, negative equity, and high debt relative to assets signals serious going-concern risk for shareholders, with very limited near-term recovery visibility.