Based upon the recommendation of Audit Committee, M/s. Bhasin Hota & Co., Chartered Accountants, has been appointed as an Internal Auditor of the Company for the financial year 2025-26 ....
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Neelkanth Limited announced unaudited financial results for Q2 and H1 FY26 ended September 30, 2025. Revenue from operations stood at Rs. 191.15 lakhs for Q2 FY26 (vs Rs. 174.40 lakhs in Q1 FY26), with the company posting a profit before tax of Rs. 14.79 lakhs in Q2, recovering from a loss of Rs. 14.52 lakhs in the previous quarter. H1 FY26 PBT came in at a marginal Rs. 0.27 lakhs vs a loss of Rs. 16.96 lakhs in H1 FY25. The company's sole business segment is agro (rice trading). The board also approved the appointment of M/s. Bhasin Hota & Co., Chartered Accountants as the Internal Auditor for FY 2025-26, based on the Audit Committee's recommendation. Cash flow from operations remained negative at Rs. -51.77 lakhs for H1 FY26.
A return to profitability in Q2 FY26 after a weak Q1 is a positive signal, though the absolute margins remain thin and operating cash flows are still negative. The internal auditor appointment is routine and unlikely to move the stock.