Unaudited financial results for the first quarter ended June 30, 2025
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The company reported zero revenue from operations for Q1 FY26, continuing a pattern of no operational income. Other income also dropped to nil from ₹3.22 lakh in the same quarter last year. Net loss widened to ₹8.42 lakh from ₹4.90 lakh a year ago, dragged by finance costs of ₹3.68 lakh and employee expenses of ₹2.55 lakh against no revenue. A large positive Other Comprehensive Income of ₹119.73 lakh (likely from fair value changes in investments) lifted total comprehensive income to ₹111.30 lakh. Key liquidity indicators are weak — the current ratio stands at 0.91, debt service coverage ratio is negative at -0.71, and reserves have been completely wiped out to zero.
With no active business operations, consistent losses, depleted reserves and a negative debt service ratio, the company's going concern looks doubtful and poses significant risk for shareholders. The only positive number — a large OCI item — masks deep operational weakness and is not sustainable core earnings.