Financial Results 30,September,2025
Awaiting price reaction for this filing.
The Board of Directors of Mahaalaxmi Texpro Limited (formerly Abhishek Corporation Limited) approved unaudited standalone financial results for the quarter and half year ended September 30, 2025 on November 14, 2025. Revenue from operations for H1 FY26 stood at approximately ₹114 lakhs (operating), sharply lower than ₹462 lakhs in H1 FY25, a steep year-on-year decline. The company reported a net loss of ₹89.52 lakhs for H1 FY26, though narrower than the ₹700.56 lakh loss in the same period last year. Most concerning, total equity has turned negative at ₹(126.39) lakhs as on September 30, 2025, with other equity at ₹(463.34) lakhs, while short-term borrowings remain high at ₹644.87 lakhs against just ₹1.46 lakhs in cash. The auditor's limited review report issued an unqualified opinion with no qualifications or emphasis of matter.
Negative net worth, sustained losses, and near-zero cash position signal serious going concern risks for shareholders; the stock is highly risky and the company may face regulatory and operational headwinds if turnaround measures are not visible soon.