Un-audited Financial results for quarter and half year ened 30.09.2025 along with Limited review reports attached.
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Olympic Oil Industries reported zero revenue from operations for Q2 FY26 and H1 FY26, with only Rs 1.33 lacs in other income for the half-year (down from Rs 1.50 lacs a year ago). Total expenses stood at Rs 12.10 lacs, leading to a net loss of Rs 13.45 lacs in H1 FY26, slightly wider than the Rs 12.88 lacs loss in H1 FY25. The balance sheet shows deeply negative shareholders' equity of Rs (2,292.34) lacs, with accumulated reserves at Rs (2,577.74) lacs. Trade receivables remain stuck at Rs 31,651.99 lacs, borrowings are unchanged at Rs 10,721.83 lacs, and cash has fallen to Rs 30.96 lacs. The statutory auditor (Bhatter & Associates) issued an unmodified limited review report.
The company appears non-operational with fully eroded book value, ongoing losses, and an unresolved mountain of receivables against heavy borrowings — a serious solvency red flag for shareholders. The stock remains a high-risk, effectively shell-style entity with no visible path to recovery.