Submission of revised outcome along with Unaudited Financial results along with Statement of assets and liabilities and cashflow and limited review Report for the quarter and half year ....
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Awaiting price reaction for this filing.
Longspur International Ventures (formerly Confidence Finance and Trading) has resubmitted its Q2 and half-year results for the period ended 30 September 2025 after two inadvertent errors were caught in the original filing: the Cash Flow Statement and Balance Sheet were left out, and depreciation was wrongly bundled into total expenses. The underlying numbers and board decisions remain unchanged from the 14 November 2025 meeting. Revenue from operations collapsed to Rs 131.50 lakhs in H1 FY26 from Rs 717.56 lakhs in H1 FY25, a drop of roughly 82% year-on-year. Despite the revenue crash, profit after tax improved to Rs 52.00 lakhs from Rs 34.05 lakhs, helped by a sharp drop in trading purchases. However, cash flow from operations was deeply negative at Rs (219.55) lakhs versus Rs (62.44) lakhs a year ago, and closing cash shrank to just Rs 2.73 lakhs.
The resubmission itself is a procedural correction, not a change in fundamentals, so there should be no direct share-price impact from the revision. However, the underlying picture is weak - a near-total revenue collapse, sustained negative operating cash flow, and an almost depleted cash balance raise serious questions about the business's earning power and near-term liquidity that investors should watch closely.