Outcome of Board meeting held on November 10, 2025
Price
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Awaiting price reaction for this filing.
Lesha Industries' Board approved unaudited results for Q2 FY26 (quarter ended Sept 30, 2025) with revenue from operations crashing to Rs 10.17 lakhs versus Rs 462.22 lakhs in Q2 FY25 — a roughly 98% year-on-year drop. The company reported a profit after tax of Rs 9.03 lakhs for the quarter, up from Rs 3.83 lakhs last year, but this was largely driven by other income (Rs 9.43 lakhs) rather than core operations. For H1 FY26, total income fell to Rs 29.02 lakhs from Rs 1,154.84 lakhs in H1 FY25, with PAT dropping to Rs 10.55 lakhs from Rs 20.72 lakhs. The auditor's limited review report is clean with no qualifications. The company operates in steel trading, shares/commodity trading, and other activities, but segment results show near-zero revenue across steel and goods trading in the current period.
Sharp collapse in core revenue is a serious red flag for shareholders — the business appears to have largely wound down its trading operations this half. Despite a small reported profit, the lack of operating revenue and dependence on other income raises concerns about the company's going business activity. The stock may see negative sentiment given the dramatic top-line erosion.