Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Darjeeling Ropeway Company Limited submitted its Q2 and H1 FY26 financial results to BSE. For the quarter ended 30 September 2025, the company reported revenue from operations of Rs 116.16 lakhs and total income of Rs 180.16 lakhs, with a profit after tax of Rs 74.98 lakhs (EPS Rs 2.46). For the half year, profit after tax stood at Rs 57.62 lakhs (EPS Rs 1.89), a strong improvement from Rs 20.74 lakhs in H1 FY25 and a full-year FY25 loss of Rs 26.69 lakhs. Cash and bank balances nearly doubled to Rs 299.87 lakhs from Rs 143.91 lakhs in March 2025. The company also raised Rs 2.94 crore through a preferential issue of 70 lakh convertible warrants at Rs 16.80 each (25% first tranche received), earmarked for working capital (Rs 220.50 lakhs) and general corporate purposes (Rs 73.50 lakhs). No deviation in use of funds was reported. Related party transactions include loan repayment and fresh loan of Rs 301.07 lakhs each with director Ashok Kumar Jain, and a Rs 48.06 lakh trade receivable from Celestial Foodtech Pvt Ltd.
The sharp swing to profitability and doubling of cash balances signal improved operations, though the small base size means results can be volatile. The fresh warrant issue strengthens the balance sheet for working capital needs, which is a modest positive for shareholders.