Burnpur Cement Q2 FY26: zero revenue, Rs 19.40 Cr loss, going concern flag

Burnpur Cement posted zero operational revenue in Q2 FY26 with a loss of Rs 19.40 Cr, up from Rs 16.65 Cr loss a year ago. The company has no functional production unit after its Patratu plant assets were auctioned to Ultratech Cement in Nov 2023. Finance costs of Rs 18.58 Cr drove most of the loss. Management admits the company is not reasonably likely to continue as a going concern and is exploring mergers or strategic deals. The auditor added an emphasis of matter on going concern and tax litigation uncertainties.