PLEASE FIND ATTACHED FINANCIAL RESULTS FOR THE QTR AND HALF YEAR ENDED ON SEP 2025
Awaiting price reaction for this filing.
Ashoka Refineries reported near-zero revenue of Rs 0.20 lakhs in Q2 FY26, collapsing from Rs 2.66 lakhs in Q2 FY25. Total income for H1 FY26 fell to just Rs 0.47 lakhs versus Rs 29.48 lakhs in H1 FY25, a dramatic drop. The company posted a loss of Rs 3.66 lakhs in Q2 FY26 and Rs 7.37 lakhs for the half year, against a loss of Rs 6.23 lakhs in H1 FY25. Other equity has slipped further into negative territory at Rs (89.33) lakhs, down from Rs (81.96) lakhs at March 2025. Cash flow from operations was negative at Rs (9.86) lakhs, with cash balance falling to Rs 12.21 lakhs. The statutory auditor issued an unqualified review report.
The company appears to be in financial distress — revenue has virtually disappeared, losses are widening, shareholder equity is negative, and operations are burning cash. This raises serious going concern questions for retail investors, despite the clean auditor's report.