This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Quarterly loss, auditor exit and management overhaul after open offer
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On the reaction day the stock moved 5.5 pts less than Nifty Microcap 250 and 6.5 pts less than its Other Construction Materials peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Approved unaudited quarter and half-year results ending 30 September 2026. Quarter total income was Rs 3.70 lakh and net loss Rs 2.97 lakh. Half-year income was Rs 12.53 lakh and net profit Rs 0.74 lakh. The review was unmodified. Statutory auditor Shambhu Gupta and Co resigned on 30 October, citing other assignments. The chief financial officer, managing director and four directors resigned after the open offer changed management.
The quarterly loss and abrupt auditor and senior management exits raise governance uncertainty and may weigh on sentiment until replacements are named.
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Revenue | ₹0.00 Cr | ₹0.00 Cr | unchanged |
| Operating profit | −₹0.08 Cr | −₹0.03 Cr | loss widened |
| Profit after tax | −₹0.03 Cr | −₹0.03 Cr | loss narrowed |
| EBITDA margin | — | — | — |
From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.