Board Meeting Outcome
Awaiting price reaction for this filing.
India Radiators Limited reported audited financial results for FY ended 31 March 2026. The company posted total income of just Rs. 6.59 lakhs against total expenses of Rs. 175.58 lakhs, resulting in a net loss of Rs. 147.58 lakhs compared to a loss of Rs. 84.92 lakhs in the previous year—losses nearly doubled. Other income was minimal at Rs. 0.27 lakhs. Finance costs of Rs. 85.57 lakhs and other expenses of Rs. 90.01 lakhs were the major cost drivers. Operating cash flow turned marginally positive at Rs. 1.04 lakhs from negative Rs. 0.83 lakhs last year. The auditor issued an unmodified (clean) opinion on the financial statements.
The company continues to burn cash with losses widening significantly. The negative reserves of Rs. 274.60 lakhs and high debt liabilities suggest serious financial stress, though auditors did not qualify the report. Shareholders should be cautious given persistent losses and deteriorating financials.