BSELesha Industries LtdHighNeutral
Announced Mon, 10 Nov · 17:10 IST

Declaration of Results- Financial Results for September 30, 2025

Revenue DeclineResults View source PDF

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AI summary

Lesha Industries reported very weak Q2 FY26 results, with revenue from operations plunging to just Rs. 10.17 lakhs compared to Rs. 462.22 lakhs in the same quarter last year — a decline of nearly 98%. Steel trading and trading of goods segments generated zero revenue during the quarter, with the only income coming from a new 'Others' segment. Despite the revenue collapse, the company managed a profit after tax of Rs. 9.03 lakhs (vs Rs. 3.83 lakhs in Q2 FY25), helped by sharp reduction in trading-related expenses. For H1 FY26, total income fell to Rs. 29.02 lakhs from Rs. 1,154.84 lakhs a year ago, while PAT stood at Rs. 10.55 lakhs versus Rs. 20.72 lakhs. The auditor (Keyur Bavishi & Co.) issued an unqualified limited review report with no adverse comments. The balance sheet remains strong with virtually no long-term debt and total equity of Rs. 7,413.63 lakhs.

Likely market impact

The near-total disappearance of trading revenue is a major red flag for shareholders, as the core business appears to have wound down. However, the company has remained profitable at a small scale, carries negligible debt, and posted positive operating cash flow of Rs. 45.79 lakhs in H1 FY26, suggesting it is not under immediate financial stress but is essentially a shell-level operation awaiting new business activity.