Intimation of outcome of Board meeting - Financial Results for the quarter and half year ended September 30, 2025.
Awaiting price reaction for this filing.
Indus Fila Limited's Board approved its unaudited standalone financial results for Q2 FY26 and H1 FY26 (ended September 30, 2025). The company reported a net loss of Rs 83.12 lakhs for Q2 FY26 (vs Rs 88.05 lakhs loss in Q2 FY25) and Rs 142.72 lakhs for H1 FY26 (vs Rs 128.98 lakhs loss in H1 FY25), translating to negative EPS of Rs 1.63 and Rs 2.89 respectively. The auditor, Tolwani & Associates, issued an unqualified limited review report with no qualifications. Total expenses rose to Rs 146.66 lakhs in Q2 FY26 from Rs 128.98 lakhs a year ago. The balance sheet, however, shows serious stress: total assets shrank from Rs 1,506.33 lakhs to Rs 1,305.89 lakhs, accumulated losses in other equity widened to negative Rs 1,217.95 lakhs against share capital of Rs 510.84 lakhs (eroding net worth to roughly negative Rs 707 lakhs), and non-current borrowings exploded from Rs 10.00 lakhs to Rs 2,138.11 lakhs.
Shareholders face widening losses and a clearly negative net worth, which combined with a more than 200x jump in non-current borrowings signals significant financial distress and potential going-concern issues despite the clean auditor review. The sharp rise in debt will also lift future finance costs (already Rs 93.24 lakhs in the quarter), making this a high-risk situation for equity holders.