Outcome of the Board meeting held today on Tuesday, 26th May, 2026 for considered and approved the Audited Financial Results of the Company for the Quarter and Financial year ended March 31, 2026
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Globus Power Generation Limited reported zero revenue from operations for FY 2025-26, with total expenses of Rs 51.06 lakhs leading to a net loss of Rs 12.80 lakhs. This marks a dramatic decline from the previous year's profit of Rs 354.13 lakhs. The company attributed Rs 38.25 lakhs in exceptional items (compared to Rs 402.53 lakhs in the prior year). The statutory auditor issued an unmodified (clean) opinion on the financial statements. Operating cash flow was negative at Rs 0.26 lakhs. The company also re-appointed M/s K Y N J & Co. as internal auditor for FY 2026-27.
The stock may face selling pressure as the company swung from a profit of Rs 354.13 lakhs to a loss, indicating severe operational deterioration. Zero operating revenue suggests the company is largely dormant, making it a high-risk investment with no near-term recovery visible.