Please be informed that the Board of Directors of the Company at its meeting held on February 13, 2025 (commenced on 03.30 p.m. and concluded at 04.00 p.m.) has considered and approved ....
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The Board of Olympic Oil Industries approved unaudited standalone financial results for the quarter and nine months ended December 31, 2025, along with the Limited Review Report by statutory auditors Bhatter & Associates. The company reported zero revenue from operations across all reported periods, with total income coming only from 'Other Income' of Rs 0.54 lakh in Q3 FY26 (vs Rs 1.33 lakh in Q3 FY25) and Rs 2.25 lakh in 9M FY26 (vs Rs 3.26 lakh in 9M FY25), a decline of roughly 31% year-on-year. Net loss for the quarter stood at Rs (2.99) lakh versus Rs (5.19) lakh in Q3 FY25, while the 9M FY26 loss narrowed to Rs (16.44) lakh from Rs (18.07) lakh in 9M FY25. Loss per share for 9M FY26 was Rs (0.58), improving from Rs (0.63) in the prior-year period. Paid-up equity capital remains at Rs 285.40 lakh, and the auditor issued a clean (unqualified) limited review conclusion.
Despite a slight year-on-year narrowing of losses, the company continues to operate with no revenue from its core business and is sustaining ongoing cash burn, which raises concerns about long-term viability and shareholder value creation. The stock is likely to remain thinly traded and under pressure unless the company restarts operations or finds a new revenue stream.