Outcome of Board Meeting dated 10th November, 2025.
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IEL Limited's Board approved its Q2 FY26 (ended 30 Sept 2025) unaudited standalone results. Revenue from operations fell to Rs. 531.27 lakhs, down from Rs. 615.94 lakhs in the same quarter last year — a decline of about 14%. Despite this, Q2 net profit came in at Rs. 43.95 lakhs versus Rs. 43.15 lakhs a year ago, a marginal rise. However, the half-year picture was weak with a loss before tax of Rs. 87.09 lakhs versus a profit of Rs. 56.94 lakhs in H1 FY25. Cash flow from operations was sharply negative at Rs. (2,494.27) lakhs, and cash and bank balances collapsed from Rs. 2,521.85 lakhs to just Rs. 25.83 lakhs. Loans and advances jumped from Rs. 2,112.95 lakhs to Rs. 4,519.10 lakhs, largely explaining the cash drain. The auditor's review report carried an 'Other Matter' noting that loans, advances, trade receivables and payables are pending management confirmation.
The combination of shrinking revenues, a first-half loss, deeply negative operating cash flow, and the near-empty cash balance raises concerns about near-term financial flexibility for shareholders. While Q2 alone showed a small profit, the overall half-year loss and the auditor's note on pending confirmations may weigh on the stock in the short term.