Board Meeting held today for considering and approving the unaudited Financial Result.
Awaiting price reaction for this filing.
The Board approved unaudited financial results for H1 FY26 (ended Sept 30, 2025). The company reported total revenue of Rs 1,635.46 lakhs (vs just Rs 1.00 lakh in H1 FY25), driven by revenue from operations of Rs 1,327.38 lakhs and other income of Rs 308.08 lakhs. Net profit after tax swung to Rs 419.52 lakhs from a loss of Rs 86.23 lakhs in the comparable prior period, with basic EPS of Rs 45.60 (vs Rs -9.37). Operating cash flow was positive at Rs 113.26 lakhs, with closing cash and equivalents rising to Rs 217.56 lakhs. The results include exceptional items of Rs 51.06 lakhs and Rs 23.87 lakhs in CIRP-related expenditure, reflecting the company's emergence from insolvency proceedings. The auditor (Jain Vinay & Associates) issued an unqualified review report.
This is a dramatic turnaround story — the company has moved from near-zero revenue and a loss into meaningful operating profits, suggesting successful revival post-CIRP. Shareholders may view this positively in the short term, though sustainability of operations and the reliance on 'other income' warrant closer scrutiny before drawing long-term conclusions.