Submission of Revised Financial Results for the Quarter ended September 30, 2021.
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Colorchips New Media Ltd has re-submitted its financial results for the quarter and half-year ended September 30, 2021 after BSE pointed out that the consolidated cash flow statement was missing from the original September 2021 filing. The revision is a compliance correction — the company is now including the consolidated cash flow statement, not changing the underlying numbers. On a standalone basis, H1 FY22 revenue rose about 33% year-on-year to roughly Rs. 1.45 crore, but the company still reported a loss of about Rs. 37.3 lakh for the half-year, though smaller than the Rs. 74.7 lakh loss in H1 FY21. On a consolidated basis, revenue for H1 FY22 was about Rs. 2.02 crore with a loss of about Rs. 66.1 lakh, and consolidated cash flow from operations was negative at roughly -Rs. 74 lakh. Standalone reserves and surplus remain negative at about -Rs. 4.34 crore, indicating eroded reserves, and the auditor (S N Murthy & Co) issued a clean limited review report with no qualifications.
For shareholders, this is largely a procedural re-filing to fix a regulatory gap flagged by BSE; the audited numbers themselves have not changed and the auditor's review is clean. However, the underlying business remains loss-making at both standalone and consolidated levels, standalone reserves are negative, and consolidated operating cash flow is in the red, which keeps the stock a higher-risk bet despite the year-on-year revenue improvement.