Un audited financial results for the quarter and half year ended 30.09.2025, have approved the Board of Directors at its meeting today (13.11.2025) The meeting was commenced at 12.30 ....
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Cityman Limited reported very weak unaudited results for Q2 FY26, with revenue from operations of just Rs. 8.16 lakhs and a net loss of Rs. 8.50 lakhs (EPS of Rs. -0.07). For the half-year ended September 30, 2025, the company posted a net loss of Rs. 16.10 lakhs, an improvement from the Rs. 31.48 lakh loss in the same period last year. The balance sheet remains deeply stressed, with accumulated losses in other equity of Rs. 1,842.47 lakhs pushing total equity into negative territory at Rs. -672.36 lakhs. Long-term borrowings of Rs. 1,417.02 lakhs against a cash balance of only Rs. 0.44 lakhs highlight severe financial weakness. Operating cash flow was negative at Rs. -19.83 lakhs, funded entirely by additional borrowings. The statutory auditor (NSVM & Associates) issued an unmodified limited review report.
The combination of negative net worth, persistent losses, negative operating cash flow, and heavy reliance on borrowings points to serious going-concern risks for shareholders. The stock trades on BSE under script code 521210 and is a very small-cap name with material solvency concerns; investors should treat this as a high-risk situation.