BSEEpuja Spiritech LtdMediumNeutral
Announced Fri, 14 Nov · 18:57 IST

Board Meeting held to consider and approve the Unaudited Standalone & Consolidated Financial Result for the Quarter and Half Year ended September 30, 2025

Revenue DeclinePat NegativeNegative Operating CashflowResults View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Epuja Spiritech Ltd reported weak unaudited results for Q2 FY26 and H1 FY26. Revenue from operations in Q2 FY26 came in at Rs. 23.46 lakhs, a steep drop from Rs. 62.31 lakhs in Q2 FY25. The company slipped to a net loss of Rs. (23.75) lakhs in Q2 FY26 and Rs. (186.09) lakhs for H1 FY26, versus a full-year profit of Rs. 15.77 lakhs in FY25. Operating cash flow was sharply negative at Rs. (283.39) lakhs for H1 FY26. Cash and cash equivalents jumped from Rs. 28.38 lakhs to Rs. 377.41 lakhs, but the improvement came from share capital issuance (Rs. 276.03 lakhs) and share-warrant money (Rs. 446.60 lakhs), not from core business. Auditor SDPM & Co. issued an unmodified limited review report on both standalone and consolidated results, with the consolidated figures including subsidiary Epuja Softtech Private Limited.

Likely market impact

The steep revenue fall, swing to losses, and cash burn from operations are worrying signs for shareholders. However, the clean auditor opinion and sizeable capital infusion have strengthened the balance sheet for now. Investors should watch closely to see if revenues recover and the business can return to profitability.