Unaudited Standalone Financial Results for quarter and half year ended 30.09.2025
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Patspin India reported a net loss of Rs 303 lakhs for Q2 FY26, widening from Rs 217 lakhs loss in Q2 FY25. Half-year loss stood at Rs 539 lakhs versus Rs 454 lakhs in H1 FY25. Revenue from operations for the quarter rose to Rs 1,375 lakhs from Rs 1,157 lakhs year-on-year, though half-year revenue dipped slightly to Rs 2,494 lakhs from Rs 2,522 lakhs. The balance sheet shows negative other equity of Rs (9,068) lakhs as at 30 September 2025, with total borrowings of around Rs 8,126 lakhs. Operating cash flow turned negative at Rs (22) lakhs for the half year. The statutory auditor flagged a material uncertainty on the company's ability to continue as a going concern, noting the submission of a debt restructuring plan to lenders which is still under consideration.
The stock remains under deep financial stress with eroded net worth, persistent losses, and a going-concern qualification from auditors. Shareholders face significant risk; recovery hinges on lender approval of the proposed debt restructuring and the planned resumption of own cotton yarn manufacturing.