In pursuance of Regulation 30 and Regulation 33 of (SEBI) Regulations, 2015 we are sending herewith the textual matter of Unaudiited Financial Results for the quarter/half year ended 30th ....
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Olympic Cards Ltd reported unaudited Q2 FY26 results with net sales of Rs. 305.22 lakhs, up about 32% from Rs. 231.39 lakhs in Q2 FY25. Half-yearly net sales grew roughly 22% to Rs. 521.65 lakhs versus Rs. 426.41 lakhs last year. Despite revenue growth, the company posted a net loss of Rs. 99.65 lakhs for the quarter and Rs. 201.84 lakhs for the half year, though losses have narrowed compared to last year. The company sold a property at Kannigaiper for Rs. 18 crores to clear long-pending dues including a Religare Finvest loan and other bank borrowings. Significant stress points remain: total equity is negative at Rs. (70.34) lakhs, with reserves of Rs. (1,701.21) lakhs, and several statutory dues like GST (Rs. 29.5 million), EPF, and ESI remain unpaid or under appeal. Total borrowings stand at around Rs. 23.77 crores across HDFC and ICICI bank overdrafts and term loans.
Revenue growth is a positive sign but persistent losses, negative shareholder equity, and pending statutory dues raise serious going-concern questions. The asset sale provides short-term relief on debt, but long-term solvency and turnaround execution remain key risks for shareholders.