Board approves Q2 and H1 FY27 results; losses continue and equity turns negative

Net loss reportedNegative operating cash flowResults View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-2.0% vs market

Other Construction Materials peers, median of 17sector-1.5%-0.3% vs sector

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AI summary

Board approved unaudited standalone results for Q2 and H1 FY27 (ended Sept 30, 2026). Total income was around 10.85 lakhs for Q2 and 15.08 lakhs for H1 FY27, while total expenses were 12.74 and 22.61 lakhs, dragging the company to a pre-tax loss in both the quarter and the half year. Total equity swung sharply from positive 184.78 lakhs last year to negative 806.07 lakhs, versus total assets of 193.25 lakhs, flagging serious going concern worries. Statutory auditor Khiwani Sood and Associates issued a clean limited review report.

Likely market impact

Sustained losses and deeply negative equity point to financial distress and high going concern risk for shareholders.

By the numbersStandalone · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹0.07 Cr	₹0.00 Cr	turned positive
Operating profit	−₹0.04 Cr	−₹0.10 Cr	loss narrowed
Profit after tax	−₹0.03 Cr	−₹0.10 Cr	loss narrowed
EBITDA margin	-58.8%	—	—

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.