ENCLOSED HEREWITH BOARD MEETING OUTCOME DATED 24/10/2025
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Awaiting price reaction for this filing.
The board approved unaudited standalone financial results for the quarter and six months ended September 30, 2025. In Q2 alone, the company posted revenue of about Rs 2,254 lakhs and a net profit of Rs 87.04 lakhs (EPS Rs 0.43), reflecting a sharp turnaround after a weak Q1. However, for the full H1 FY26, the company still reported a net loss of Rs 100.58 lakhs on total revenue of around Rs 2,342.56 lakhs, mainly dragged by Q1 losses. Operating cash flow for the half-year was deeply negative at Rs -2,358 lakhs, and cash on hand collapsed from Rs 1,994 lakhs in March to just Rs 5.50 lakhs by September 2025. Trade receivables ballooned from Rs 855 lakhs to Rs 3,174 lakhs. The auditor (Venkat and Rangaa LLP) issued an unmodified limited review report with no qualifications. The company also altered its objects clause to include commodities trading and is in the process of issuing preference shares.
Short-term: the stock may react to the deeply negative operating cash flow and near-empty cash balance, despite the Q2 profit revival. The pending preference share issue and the pivot to commodities trading are key positives to watch, but until cash flow improves and Q1-style weakness does not repeat, sentiment may stay cautious.