Financial Results September 30, 2025
Price
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Awaiting price reaction for this filing.
The company reported a catastrophic first half of FY26, with revenue from operations collapsing to just Rs. 53.43 lakhs from Rs. 322.34 lakhs in the same period last year, a drop of roughly 83%. Total expenses of Rs. 438.84 lakhs far outpaced revenue, resulting in a net loss of Rs. 453.53 lakhs compared to a profit of Rs. 228.86 lakhs a year ago, with loss per share of Rs. 3.99. Net worth has turned negative at Rs. (28.86) lakhs, with reserves and surplus deeply in the red at Rs. (1,166.88) lakhs. The statutory auditor issued a qualified opinion, flagging that inventory worth Rs. 50.40 lakhs is carried solely at cost rather than the lower of cost or net realizable value — this is the seventh consecutive such qualification. A note also reveals that the company's bank loan has been classified as a Non-Performing Asset (NPA), with no interest being booked.
This is a deeply negative filing for shareholders. The combination of an 83% revenue crash, large losses, negative net worth, an NPA-classified bank loan, and a seventh consecutive qualified audit opinion raises serious going-concern questions and is likely to weigh heavily on the stock price and investor confidence.