Outcome of Board Meeting and Submission of Unaudited Financial results for the results for the half year ended September 30, 2025.
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The board of Comrade Appliances Ltd approved unaudited financial results for the half year ended September 30, 2025, which were also subjected to a limited review by statutory auditors Suvarna & Katdare (unmodified/clean report). Revenue from operations fell to ₹1,484.89 lakhs from ₹1,681.29 lakhs in the same period last year, an 11.7% year-on-year decline. The company slipped into a deeper loss of ₹696.84 lakhs (after tax) versus a loss of ₹181.14 lakhs in H1 FY25, translating to a loss per share of ₹9.02. Reserves and surplus were nearly halved to ₹543.88 lakhs (from ₹1,240.73 lakhs as on March 31, 2025), while short-term borrowings rose sharply to ₹2,127.71 lakhs from ₹1,511.16 lakhs.
Shareholders should note a worsening operating performance: shrinking revenue, ballooning losses, and depletion of reserves, accompanied by rising short-term debt and negative operating cash flow of ₹(314.89) lakhs. The weak results and stretched balance sheet are likely to weigh negatively on investor sentiment and the stock price in the near term.