Outcome of the Board Meeting held on November 13, 2025
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The board approved unaudited financial results for Q2 FY26 (quarter ended Sept 30, 2025) and H1 FY26. Revenue from operations stood at Rs 603.60 lakhs in Q2 FY26, with H1 FY26 revenue at Rs 991.29 lakhs — already exceeding the Rs 749.75 lakhs earned in the entire previous financial year (FY25), indicating strong top-line momentum. However, the company remained loss-making, posting a Q2 FY26 net loss of Rs 133.73 lakhs (EPS Rs -2.23) and H1 FY26 net loss of Rs 91.26 lakhs (EPS Rs -1.52). On the positive side, operating cash flow swung sharply to a surplus of Rs 165.74 lakhs in H1 FY26 from a deficit of Rs 158.24 lakhs in H1 FY25, signalling improved cash generation. The statutory auditor (N V C & Associates LLP) issued an unmodified review opinion, and the company disclosed that it incorporated a new subsidiary, Mikusu Global Industries Limited, in August 2025.
Strong revenue scaling and the turnaround in operating cash flow are positive signs for shareholders, but persistent quarterly losses and weak profitability continue to weigh on near-term earnings; investors should watch whether the revenue trajectory translates into sustained profit and cash earnings.