The Board of Directors at the meeting held today i.e. Thursday, November 13, 2025 inter alia considered and approved the Unaudited Standalone and Consolidated Financial Results of the Company ....

Revenue declinedNet loss reportedEmphasis of matterNegative operating cash flowAuditor changed mid-yearResults View source PDF Explain this filing

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AI summary

The Board of Inducto Steel approved its unaudited Q2 FY26 results on November 13, 2025. Revenue from operations stood at ₹2,172.32 lakhs for the quarter, sharply down from ₹4,614.86 lakhs in Q2 FY25. Half-year revenue fell about 20% YoY to ₹6,757.64 lakhs from ₹8,479.58 lakhs. Despite the revenue dip, losses narrowed significantly — half-year loss before tax came in at ₹(135.71) lakhs versus ₹(424.94) lakhs last year, and PAT loss was ₹(99.30) lakhs versus ₹(318.36) lakhs. Total assets jumped to ₹14,554.50 lakhs (from ₹5,660.99 lakhs), driven by a sharp build-up in unsold inventory (uncut ships at ₹8,635.91 lakhs) and a steep rise in trade payables (₹7,880.57 lakhs).

Likely market impact

Revenue contraction and continued losses remain a concern for shareholders, though the narrowing of losses is a relative positive. The auditor flagged concerns over recoverability of ₹21.70 crores stuck in partnership firms and noted a mid-year change in auditors (LLB & Co resigned in August 2025), which may keep the stock under pressure until the inventory is monetized.