Outcome of Board Meeting held on 07.11.2025
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Patspin India's board approved its unaudited standalone results for the quarter and half year ended 30 September 2025. Revenue from operations stood at Rs 1,375 lakhs in Q2 FY26 (up from Rs 1,119 lakhs in Q1 FY26) and Rs 2,494 lakhs for H1 FY26, marginally lower than Rs 2,522 lakhs in H1 FY25. The company reported a net loss of Rs 303 lakhs for Q2 and Rs 539 lakhs for H1 FY26, widening from Rs 454 lakhs in H1 FY25; basic EPS was Rs (1.74) for the half year. Net worth remains deeply negative at Rs (9,068) lakhs against total borrowings of about Rs 8,126 lakhs. Operating cash flow was negative at Rs (22) lakhs for H1, with cash balance falling to just Rs 8 lakhs. The statutory auditor flagged a material uncertainty on the company's ability to continue as a going concern, citing past debt servicing irregularities, while noting that a resolution plan for restructuring outstanding loans has been submitted to lenders and is under their consideration.
Shareholders face significant risk: widening losses, fully eroded net worth, near-zero cash, and an explicit going-concern qualification from auditors. Stock is likely to remain under pressure until the lenders approve the debt restructuring and the planned resumption of own yarn manufacturing improves cash generation; any adverse outcome on the resolution plan could materially threaten the company's survival.