Outcome of Board meeting held on 14th november, 2025 to declare un audited Financial results for the period ended on 30th September, 2025
Awaiting price reaction for this filing.
Pradhin Limited reported its Q2 FY26 results with revenue from operations of Rs. 800.35 lakhs, sharply down from Rs. 8,292.92 lakhs in Q2 FY25 — a drop of over 90% year-on-year. The company posted a profit before tax of Rs. (17.43) lakhs for the quarter, but after a deferred tax credit, PAT came in at Rs. 26.28 lakhs vs Rs. 82.22 lakhs in the year-ago quarter. For H1 FY26, total revenue stood at Rs. 2,634.27 lakhs vs Rs. 8,292.92 lakhs in H1 FY25, with PAT of Rs. 731.46 lakhs. The auditor (S Parth & Co) issued a qualified/disclaimer-of-opinion report flagging five serious issues: missing supporting documents for sales/purchases/inventory, no fixed asset register, undocumented interest-free unsecured loans, non-compliance with MSMED Act on trade payables, and unconfirmed trade receivables. Operating cash flow was deeply negative at Rs. (1,054.15) lakhs, and cash balance fell to just Rs. 13.55 lakhs. The board also approved the Statement of Related Party Transactions.
The steep revenue collapse combined with a heavily qualified auditor report, unconfirmed receivables of Rs. 12,935.51 lakhs, and negative operating cash flow raise serious concerns about earnings quality and financial transparency. Shareholders should treat these results with caution as multiple red flags point to potential going-concern stress and weak governance disclosures.