FY26 results: revenue down 33 percent, net loss widens on asset impairment
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FY26 audited results show revenue from operations at Rs 42,196 lakhs versus Rs 62,778 lakhs last year, a 33 percent decline. Standalone net loss widened to Rs 6,622 lakhs from Rs 5,468 lakhs. Consolidated loss was Rs 6,467 lakhs. Loss per share Rs 137.48. Exceptional items include Rs 36.46 crores inventory impairment and Rs 33.81 crores gain on sale of surplus land, wind mills and machinery. Borrowings cut to Rs 21,560 from Rs 41,330 lakhs. SVTM unit sold, CTM unit classified as discontinued.
Sharp revenue fall, wider losses and asset sales show continued operational stress. Debt cut but path to profitability remains uncertain.