The Unaudited financial results along with the limited review report for the quarter / Half Year ended 30th September 2025.
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Awaiting price reaction for this filing.
National Oxygen Limited reported a sharp fall in revenue and continued operational losses for H1 FY26. Revenue from operations dropped about 40% YoY to Rs. 1,295.74 lakhs (vs Rs. 2,175.83 lakhs in H1 FY25), with Q2 standalone revenue at just Rs. 672.97 lakhs. The company remained in operational losses with a loss before exceptional items and tax of Rs. 295.18 lakhs in H1 FY26 (vs Rs. 421.21 lakh loss a year ago). Net profit turned positive at Rs. 517.08 lakhs only because of a one-time exceptional gain of Rs. 812.26 lakhs from the sale of its Mathur commercial land (8.30 acres for Rs. 8.30 Crore), proceeds of which were used to repay term loans. The Perundurai plant operations were halted from 13 May 2025 citing severe competition. The auditor (PSDY & Associates) issued a clean limited review report with no qualifications. Total equity remains negative at Rs. (263.85) lakhs, indicating accumulated losses have wiped out share capital.
Near-term stock reaction is likely negative as the core industrial gas business continues to shrink and lose money – the headline profit is entirely driven by a one-time land sale and not by operations. Negative shareholders' equity and the closure of the Perundurai plant are red flags that raise going-concern concerns for retail investors.