Unaudited Financial Results for the quarter ended on June 30, 2025
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Awaiting price reaction for this filing.
The company reported weak Q1 FY26 results with total revenue plunging about 67% year-on-year to Rs 3.25 lakh from Rs 9.75 lakh in the same quarter last year. Net loss widened to Rs 18.96 lakh versus Rs 13.46 lakh in Q1 FY25, with basic EPS at negative Rs 0.38. The Shipyard segment brought in the entire revenue (Rs 3.25 lakh) while the Fishery segment posted zero revenue and a Rs 2.26 lakh loss. Reserves excluding revaluation reserves are deeply negative at Rs -750.33 lakh, indicating accumulated losses have wiped out shareholder equity. The board also re-appointed the internal auditor and appointed a new secretarial auditor for a five-year term. Statutory auditors Palsule & Associates gave an unqualified limited review report.
Sharply falling revenue, widening quarterly losses, and a deeply negative net worth make this a high-risk, small-cap situation for retail investors; expect continued pressure on the stock and no near-term earnings visibility.