Revised Outcome of Board Meeting held on November 7, 2025
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Chandra Prabhu International has filed revised Q2 and H1 FY26 results to correct the paid-up share capital figure, which was originally shown as Rs. 369.80 lakhs instead of Rs. 554.70 lakhs following a 1:2 bonus issue (92.45 lakh bonus shares) on September 29, 2025; this also corrected the EPS numbers. Revenue from operations for Q2 FY26 fell sharply to Rs. 7,719 lakhs from Rs. 13,682 lakhs a year ago (~44% decline), while H1 FY26 revenue dropped to Rs. 35,209 lakhs from Rs. 42,869 lakhs. The company posted a net loss of Rs. 324.56 lakhs for H1 FY26 (vs a loss of Rs. 80.80 lakhs in H1 FY25), but Q2 alone showed a profit of Rs. 81.57 lakhs thanks to an exceptional gain of Rs. 222.19 lakhs from the sale of land at Muzaffarnagar. The Coal division turned in a heavy segment loss of Rs. 526 lakhs in Q2, while Metal division revenue collapsed from Rs. 10,086 lakhs to Rs. 1,359 lakhs YoY. Operating cash flow swung positive to Rs. 1,658 lakhs (vs negative Rs. 530 lakhs in FY25), short-term borrowings declined to Rs. 6,283 lakhs, and cash balances nearly quadrupled to Rs. 967 lakhs, largely helped by the land sale proceeds.
The revision itself is procedural (bonus share correction) and not a substantive restatement. However, the underlying results are weak: core operations are loss-making before exceptional items, revenue is contracting sharply across both Coal and Metal divisions, and profitability is entirely dependent on the one-time land sale. Shareholders should watch whether the Metal division rebound and improved cash position can be sustained without further asset sales.