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 ....
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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).
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.