We submit herewith Un-audited Financial Result for the Quarter and half year ended 30th September, 2025 duly approved at the Meeting of the Board of Directors held on Wednesday, 12th November, ....
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Kajal Synthetics & Silk Mills, primarily engaged in finance and investment activities, reported virtually no operating revenue for Q2 FY26, with total income of just Rs. 0.01 lakh. The company posted a standalone net loss of Rs. 66.94 lakh for the quarter (vs Rs. 60.22 lakh loss in Q2 FY25) and Rs. 123.62 lakh loss for the half-year. Finance costs of Rs. 49.81 lakh per quarter are the main drag, as the company carries borrowings of Rs. 2,105 lakh against other equity of Rs. 1,909 lakh. On a consolidated basis, including share of losses from associates Five Star Trading and Park Avenue Engineering, the half-year loss widened to Rs. 124.05 lakh. Statutory auditor SSRCA & Co. issued an unqualified limited review report, but flagged that one associate's accumulated losses have wiped out the investment value, so further losses are no longer being recognized.
Continued losses with virtually no revenue and a debt-to-equity ratio of nearly 1:1 raise concerns about long-term sustainability. Shareholders should note the persistent cash burn (negative operating cash flow of Rs. 24.85 lakh in H1) and that associate losses are being absorbed, though one associate's losses are now suspended from recognition.