Outcome of Board Meeting
Awaiting price reaction for this filing.
India Radiators' Board approved its Q2 and half-year FY26 results on 24 October 2025. Revenue from operations stood at just Rs 1.58 lakhs for the quarter (Rs 3.16 lakhs for H1), essentially unchanged from the prior year. However, total expenses surged to Rs 118.13 lakhs for H1 FY26 (vs Rs 46.76 lakhs in H1 FY25), driven mainly by a sharp rise in other expenses to Rs 75.96 lakhs. The company posted a net loss of Rs 104.29 lakhs for H1 FY26, nearly 3x the Rs 33.63 lakh loss a year earlier, translating to an EPS of Rs (11.59). The auditor (DPY & Associates) issued an unqualified limited review report.
Serious red flags for shareholders: the company's reserves have turned deeply negative at Rs (231.31) lakhs, making net worth negative at Rs (141.31) lakhs, while borrowings remain high at over Rs 1,247 lakhs. With near-zero revenue, widening losses, negative operating cash flow, and a closing cash balance of just Rs 1.94 lakhs, the company faces significant going-concern risk and limited operating viability.