Unaudited Financial Results for the quarter and half year ended 30th September, 2025
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Facor Alloys continues to report virtually no operations, as its plant has been shut down since 31 October 2023. Revenue from operations was nil; the ₹101.64 lakh shown is just changes in inventory valuation, not real sales. The company posted a standalone net loss of ₹367.04 lakh for Q2 FY26 and ₹832.60 lakh for H1 FY26, though losses have narrowed compared to the same period last year (₹1,982.23 lakh). Several one-off items helped: profit on sale of plant and machinery (₹164.22 lakh), sale of excess anthracite coal inventory (₹42.29 lakh) and sundry balances written back (₹66.85 lakh). The company received ₹13.31 crore as an advance for the sale of plant and machinery, and shareholders approved this sale via postal ballot in July 2025. New management (in place since April 2024) is in talks with corporates and lenders to revive operations, while the promoter is infusing funds to keep the company running.
This is a stressed, non-operational company whose survival depends on promoter support and asset sales rather than business earnings. The auditor was unable to even complete a review of the consolidated results because financial data from the foreign subsidiary was missing, which is a serious red flag for investors. Shareholders should view this as a turnaround/restructuring story with high risk rather than a going concern with stable operations.