We wish to inform you that the Board of Directors at its meeting held on Monday, November 10, 2025, adopted the Unaudited financial Results for the Quarter and Half Year ended 30.09.2025 ....
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Glittek Granites reported its Q2 FY26 results on 10 November 2025. Revenue from operations collapsed dramatically to just Rs. 4.68 lakhs in both Q2 FY26 and H1 FY26, compared to Rs. 2,139 lakhs and Rs. 12,535 lakhs in the corresponding prior-year periods — a near-total business shutdown. The company posted a loss after tax of Rs. 40.18 lakhs for the quarter and Rs. 34.90 lakhs for the half year, against losses of Rs. 1,253.67 lakhs and Rs. 1,568.51 lakhs a year ago. EPS for H1 stood at Rs. (0.13). Other equity remains negative at Rs. (195.99) lakhs, and operating cash flow was negative at Rs. (195.19) lakhs for the half year, with cash reserves falling sharply to Rs. 1.33 lakhs. The statutory auditor (M/s. GRV & PK) issued an unmodified limited review report, and the company confirmed no exceptional items and no loan defaults.
Shareholders should note the near-complete disappearance of operating revenue and a fourth consecutive period of negative operating cash flow, which raises concerns about the company's ability to sustain operations without continued director-related funding. The negative other equity and reliance on unsecured loans from promoters (Ashoke Agarwal and Tushar Agarwal) signal financial fragility, though the absence of any qualified audit opinion provides some reassurance on reporting quality.