Financial Results 30, September,2025
Awaiting price reaction for this filing.
The company reported a net loss of Rs. 68.84 lakhs for Q2 FY26 and Rs. 89.52 lakhs for H1 FY26, a sharp improvement from the Rs. 700.56 lakhs loss in H1 FY25 and Rs. 2,528.51 lakhs loss in FY25 (which included a Rs. 2,008.16 lakh exceptional charge). Basic EPS for H1 FY26 stood at Rs. (2.66) versus Rs. (4.38) in H1 FY25. However, shareholder equity has slipped further into the red at Rs. (126.39) lakhs as of September 30, 2025, compared to Rs. (36.87) lakhs at the end of FY25, driven by accumulated losses. Total assets declined to Rs. 634.11 lakhs from Rs. 928.17 lakhs, while short-term borrowings stood at Rs. 644.87 lakhs. Net cash from operating activities was negative at Rs. (6.02) lakhs in H1 FY26, although much improved from Rs. (154.34) lakhs in the year-ago period. The statutory auditor (ARNA & Associates) issued an unqualified limited review report.
Losses are narrowing and the worst of the exceptional hit seems behind the company, but negative net worth means the business is technically insolvent on a book-value basis and remains dependent on borrowings and support from lenders/promoters — a serious red flag for shareholders.