Unaudited financial results for the quarter and half year ended 30th September 2025
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Gita Renewable Energy reported zero revenue from operations for Q2 FY26 and the first half of FY26, down from Rs 2.10 lakhs in Q2 FY25 and Rs 4.20 lakhs in H1 FY25. The only income came from other sources of Rs 1.10 lakhs, while total expenses stood at Rs 9.97 lakhs for the quarter. The company posted a net loss of Rs 8.86 lakhs in Q2 FY26 and Rs 16.28 lakhs for H1 FY26, though this was narrower than the Rs 27.91 lakh loss in the same period last year. EPS was negative Rs 0.22 for the quarter and negative Rs 0.40 for the half year. Cash and cash equivalents fell sharply from Rs 13.15 lakhs to Rs 1.40 lakhs, with negative operating cash flow of Rs 11.76 lakhs in H1.
With essentially no operating revenue, ongoing losses, and dwindling cash, the company's core business remains non-functional while it relies on its investment and loan portfolio (Rs 1,325 lakhs in non-current assets) to sustain operations. Shareholders should view this as a high-risk situation despite zero debt and a clean auditor review.