We are submitting unaudited Financial Results for the quarter ended on September 30, 2025
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Datiware Maritime Infra Limited (formerly Ruia Aquaculture Farms Limited) reported Q2 FY26 revenue from operations of ₹16.21 lakhs, up sharply from ₹9.78 lakhs in Q2 FY25, though H1 FY26 revenue stayed flat at ₹19.50 lakhs versus the year-ago period. Net loss for Q2 narrowed to ₹2.32 lakhs from ₹11.15 lakhs a year ago, while H1 FY26 loss stood at ₹21.28 lakhs versus ₹24.61 lakhs in H1 FY25. Finance costs of ₹25.98 lakhs in H1 continue to exceed total revenue of ₹19.50 lakhs, and reserves remain deeply negative at ₹-756.94 lakhs against paid-up equity capital of ₹500 lakhs. The Shipyard segment drove all revenue (₹19.50 lakhs H1), while the Fishery segment contributed nothing and posted a loss of ₹4.53 lakhs. Operating cash flow for H1 FY26 was negative at ₹-14.44 lakhs.
Despite a sequential and YoY improvement in quarterly losses, the company's net worth is fully eroded (negative reserves far exceed equity capital), finance costs dwarf revenues, and operating cash flow remains negative, signaling serious financial stress and going-concern risks for shareholders.