Pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015, please find enclosed herewith Financial Results for the Quarter and half year ended 30.09.2025
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Neelkanth Limited reported its Q2 FY26 and H1 FY26 results. Total income for the quarter stood at Rs 191.44 lakhs (vs Rs 175.23 lakhs in H1 FY25), with the Agro (rice trading) segment being the sole revenue contributor. The company returned to a marginal profit at the H1 level with a Profit Before Tax of Rs 0.27 lakhs, compared to a loss of Rs 16.96 lakhs in H1 FY25. Q2 FY26 alone posted a PBT of Rs 14.79 lakhs vs a loss of Rs 14.52 lakhs in Q1 FY26. However, operating cash flow remained deeply negative at Rs (51.77) lakhs in H1 FY26, worsening from Rs (9.25) lakhs a year ago. Total borrowings rose sharply from Rs 35.98 lakhs (March 2025) to Rs 73.92 lakhs, and cash balance dropped to just Rs 1.32 lakhs from Rs 18.38 lakhs. M/s. Bhasin Hota & Co. was appointed as Internal Auditor for FY25-26. The statutory auditor (Pathak H.D. & Associates LLP) issued an unmodified limited review report.
Modest return to profitability is a positive signal, but rising borrowings, severely depleted cash, and persistent negative operating cash flow raise concerns about the quality of earnings and short-term liquidity. Shareholders should watch working capital management and whether the profit improvement can be sustained with positive cash generation.