Financial Results for the Quarter ended 30th September 2025
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Galaxy Agrico Exports reported a net loss of Rs 22.30 lakhs in Q2 FY26, widening from a loss of Rs 10.49 lakhs in Q1 FY26, against a profit of Rs 9.47 lakhs in Q2 FY25. For the half year, the company swung from a profit of Rs 14.21 lakhs in H1 FY25 to a loss of Rs 32.79 lakhs in H1 FY26. Revenue from operations declined to Rs 98.11 lakhs in Q2 (from Rs 100.12 lakhs a year ago) and to Rs 186.92 lakhs for the half year (from Rs 197.08 lakhs). Total expenses surged to Rs 240.90 lakhs in H1 FY26 from Rs 191.02 lakhs, driven by higher employee costs and other expenses. The auditor issued a qualified limited review report, flagging that the company neither inspected its fixed assets nor maintained a fixed asset register, and also did not conduct an inventory inspection, preventing the auditor from obtaining sufficient evidence on these items. On a positive note, the company generated Rs 102.73 lakhs in cash from operations during the half year and improved its cash balance to Rs 80.84 lakhs from Rs 24.89 lakhs at March-end 2025, while other equity slipped into negative territory at Rs (19.87) lakhs.
Shareholders face a weak set of numbers with a return to losses, a revenue decline, and a qualified auditor review citing serious gaps in fixed asset and inventory verification. The negative other equity (accumulated losses exceeding reserves) and ongoing losses could pressure the stock and raise concerns about the company's longer-term financial health, though improved operating cash flow and reduced long-term borrowings offer some comfort.