Board meeting outcome approving the Unaudited financial results of the Company for the quarter and half year ended 30th Sep 2025
Awaiting price reaction for this filing.
India Radiators Limited reported extremely weak results for Q2 and H1 FY26. Total income for H1 FY26 stood at just Rs. 3.29 lakhs, essentially flat versus the previous year, while total expenses ballooned to Rs. 118.13 lakhs from Rs. 46.76 lakhs, driven by a sharp rise in 'other expenses'. The company posted a net loss of Rs. 104.29 lakhs for H1 FY26, more than tripling the Rs. 33.63 lakh loss in H1 FY25, with EPS at (Rs. 11.59). The balance sheet shows negative net worth of Rs. 141.31 lakhs (other equity of Rs. -231.31 lakhs) and borrowings of Rs. 1,247.27 lakhs, indicating the liabilities far exceed assets. Operating cash flow remained negative at Rs. 0.86 lakhs. The statutory auditor issued a clean limited review report with no qualifications.
This is highly negative for shareholders — losses are widening sharply, the company is operating with negative net worth, debt levels are heavy relative to almost non-existent revenue, and the auditor did not flag any going concern issue despite the alarming numbers. The stock is likely to face selling pressure, and the company appears financially distressed.