Outcome of Board Meeting for approval of un-audited results for the HY ended 30.09.2025.
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Awaiting price reaction for this filing.
The board of Earthstahl & Alloys approved its unaudited H1 FY26 results (ended 30 Sept 2025) on 14 November 2025, reviewed by auditor O P Bagla & Co LLP with a clean limited review report. Revenue from operations fell to Rs 3,391.57 lakh from Rs 3,668.05 lakh in H1 FY25, a drop of about 7.5%, mainly due to a sharp decline in the Casting Articles (Foundry) segment revenue (Rs 691.82 lakh vs Rs 1,790.17 lakh). The company swung from a net profit of Rs 47.73 lakh in H1 FY25 to a net loss of Rs 63.84 lakh in H1 FY26, with the Cast Iron Lumps segment reporting a much larger segment loss of Rs 617.38 lakh. Cash flow from operations turned sharply negative at Rs -286.85 lakh compared to a positive Rs 784.52 lakh in the prior period. Note 1 confirms that prior period figures have been restated/regrouped for comparability.
Negative for shareholders — the company has slipped into a net loss with weaker foundry revenues and a significant cash outflow from operations, which may weigh on the stock price and prompt concerns about segment-level profitability.