Un-Audited Financial Results for the quarter and half-year ended September 30, 2025
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Monind Ltd's Board approved its unaudited financial results for the quarter and half-year ended September 30, 2025. The company reported zero revenue from operations across all reporting periods, indicating it remains operationally inactive. It posted a loss of Rs. 69.31 lakhs in Q2 FY26, widening from Rs. 60.65 lakhs in Q2 FY25, and a half-yearly loss of Rs. 142.18 lakhs versus Rs. 126.41 lakhs in H1 FY25. The major expense is finance cost of Rs. 62.79 lakhs for the quarter (interest on borrowings), while employee costs were just Rs. 3.37 lakhs. The auditor (OP Bagla & Co LLP) issued a clean limited review conclusion but added an Emphasis of Matter flagging accumulated losses, complete erosion of net worth, net cash losses, and current liabilities far exceeding current assets. Management has nevertheless prepared accounts on a going-concern basis.
This is a deeply negative read for shareholders - the company has no operating business, is bleeding cash, carries negative net worth of Rs. (5,497.96) lakhs, and depends on continued borrowings (Rs. 25.23 lakhs added in H1 FY26) just to sustain itself. Investors should view this stock as high-risk with real solvency concerns, despite the auditor's unmodified opinion.