Electrotherm (India) Limited has informed the Exchange regarding the Unaudited Standalone and Consolidated Financial Results for the quarter ended on 30th June, 2025.
ELECTHERM · price
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Electrotherm reported Q1 FY26 standalone revenue of Rs 834.05 Cr, down about 21% from Rs 1,059.38 Cr in Q1 FY25. Profit before exceptional items and tax collapsed to Rs 33.74 Cr from Rs 108.81 Cr, a roughly 69% drop, while net profit fell to Rs 27.67 Cr from Rs 108.81 Cr. The auditor issued a qualified review report, flagging non-provision of interest of about Rs 35.64 Cr for the quarter (and Rs 952.15 Cr cumulative) on NPA loans from Rare ARC, which overstates profit and understates liabilities. The consolidated results also carry qualifications and a material uncertainty note on the going concern of three subsidiaries/JV (Bhaskarpara Coal Company, Shree Ram Electrocast, Hans Ispat). Other equity is deeply negative at Rs (320.69) Cr standalone and Rs (580.67) Cr consolidated. The board also approved re-appointments of the two Managing Directors, share capital reclassification, a related-party consultancy deal with Prandev Tech Ltd and Mr. Mukesh Bhandari, and noted payment of an NSE/BSE fine for prior board-composition non-compliance, which is now rectified.
Sharp YoY decline in revenue and profits, a qualified audit opinion, and going-concern flags on key subsidiaries point to serious financial stress. The negative net worth and large unprovided NPA interest of over Rs 950 Cr (standalone) / Rs 1,259 Cr (consolidated) are key risks; shareholders should expect continued volatility and view the results as materially negative.