Enclosed herewith Outcome of Board Meeting.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Daikaffil Chemicals reported FY2025-26 results with revenue of Rs 1,334.75 Lakhs, up 78% from Rs 749.84 Lakhs in the previous year. However, the company reported a significantly higher loss of Rs 214.07 Lakhs (PAT) compared to Rs 158.98 Lakhs last year. The EPS worsened to Rs -3.57 from Rs -2.65. Total equity dropped sharply to Rs 673.77 Lakhs from Rs 885.22 Lakhs, mainly due to accumulated losses eroding other equity from Rs 285.22 Lakhs to just Rs 3.71 Lakhs. Operating cash flow improved to Rs 54.72 Lakhs from negative Rs 629.91 Lakhs mainly due to collection of trade receivables. The auditors issued an unmodified (clean) opinion. The company also prepared consolidated financial statements for the first time due to its newly incorporated subsidiary Mikusu Global Industries Limited.
Despite revenue growth, the company remains deeply unprofitable with equity nearly wiped out. The sharp decline in other equity from Rs 285.22 Lakhs to Rs 3.71 Lakhs is a major red flag. Shareholders should be cautious as the company may face going concern risks if losses continue.