UNAUDITED FINANCIAL RESULTS AS ON 30.09.2025
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The Board of Indus Aluminium Recyclers Limited (formerly Containerway International Limited) approved its unaudited standalone results for Q2 FY26 and the half-year ended 30 September 2025, with a clean (unqualified) Limited Review Report from M/s Rajeshkumar P Shah & Co. Revenue from operations for H1 FY26 jumped to Rs. 1,342.97 lakhs from just Rs. 186.82 lakhs in H1 FY25, a seven-fold increase reflecting a sharp business ramp-up. However, the company swung to a loss of Rs. 200.20 lakhs for H1 FY26 versus a profit of Rs. 94.39 lakhs in the year-ago period, driven primarily by a spike in "Other Expenses" to Rs. 306.21 lakhs (from Rs. 7.48 lakhs), which includes a Rs. 300 lakh provision for expected credit loss on a loan. Standalone Q2 FY26 revenue came in at Rs. 628.78 lakhs with a marginal profit after tax of Rs. 4.97 lakhs and basic EPS of Rs. 0.04. Total assets stood at Rs. 1,281.63 lakhs and net cash from operations was marginally negative at Rs. (0.15) lakhs for H1.
Strong revenue growth is being offset by a sharp swing to losses and a sizeable one-time credit-loss provision, signalling margin pressure and asset-quality concerns; the name change to Indus Aluminium Recyclers Limited suggests a strategic pivot, and investors should monitor whether the new business can restore profitability.