Financial Result for the Quarter ended 30th September, 2025
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Gaekwar Mills Ltd reported Q2 FY26 results showing revenue from operations at nil, with total income of Rs 10.87 lakh (almost entirely other income). The company swung to a profit before tax of Rs 7.67 lakh in Q2 vs a loss of Rs 109.46 lakh a year ago; H1 FY26 PBT was Rs 13.20 lakh vs a loss of Rs 220.52 lakh in H1 FY25. The full-year FY25 had closed with a Rs 442.45 lakh loss. Balance sheet remains severely stressed: other equity is deeply negative at Rs (7,659.85) lakh, making total equity negative at Rs (7,446.66) lakh, while long-term borrowings stand at Rs 7,890.24 lakh. Critically, Secured Non-Convertible Debentures of Rs 35 crore (Series A of Rs 30 cr and Series B of Rs 5 cr) were due for redemption on 31 March 2025, and the company is still negotiating an extension with the debenture holder with no resolution yet. An Independent Director, Mr. Mipan Shah, also resigned citing pre-occupation and personal commitments.
Despite the small reported profit, shareholders should note the deeply negative net worth and the unresolved Rs 35-crore debenture redemption — these raise serious going-concern questions and overhang the stock until a restructuring outcome is announced.