Approval of Unaudited Financial Results for the quarter and half year ended 30th September 2025
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Gita Renewable Energy Ltd's board approved unaudited results for Q2 and H1 FY26 on November 12, 2025. Revenue from operations was Rs 0 for both Q2 and H1 FY26, down from Rs 2.10 lakhs and Rs 4.20 lakhs in the prior-year periods. Total income for H1 FY26 stood at just Rs 1.10 lakhs, entirely from other income, with no revenue from its core power business. Net loss narrowed to Rs -8.86 lakhs in Q2 (vs Rs -12.57 lakhs YoY) and Rs -16.28 lakhs for H1 (vs Rs -27.91 lakhs YoY), with EPS at Rs -0.40. The statutory auditor M/s Aayush Bohra A & Co issued an unqualified limited review report. Cash and equivalents dropped sharply to Rs 1.40 lakhs from Rs 13.15 lakhs, with negative operating cash flow of Rs -11.76 lakhs in H1.
The company is essentially not earning from its core power operations and is sustaining itself on other income (likely interest/dividends from investments). While losses are shrinking, the near-zero cash balance, zero operating revenue, and negative operating cash flow raise questions about business continuity and the need for a strategic revival or capital infusion.