Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
The board approved unaudited results for Q2 FY26 and received a clean limited review report from statutory auditor V. Goyal & Associates (no qualifications). Total revenue from operations fell sharply to Rs. 356.71 lakh from Rs. 1,136.08 lakh in Q2 FY25, a drop of roughly 69% year-on-year. The company slipped into a small loss of Rs. 0.79 lakh in Q2 versus a profit of Rs. 70.80 lakh a year earlier, though the half-year (H1 FY26) remained profitable at Rs. 45.88 lakh. Cash flow from operating activities was negative at Rs. (13.62) lakh for H1 FY26, and cash on hand dropped to Rs. 5.87 lakh from Rs. 19.49 lakh at March 2025. Loan book, however, expanded to Rs. 537.74 lakh from Rs. 351.11 lakh, while inventories declined to Rs. 299.27 lakh.
The sharp Q2 revenue contraction and swing to a small loss signal weak quarter-level performance, but the half-year remains in the black and the balance sheet is debt-light with equity of Rs. 858.52 lakh. Near-term sentiment may be cautious given the steep quarterly decline and negative operating cash flow, though the expanded loan book points to NBFC business growth.