Please find attached revised Cash Flow Statement for 30.09.2025.
Awaiting price reaction for this filing.
Sword-Edge Commercials Ltd has submitted a revised standalone cash flow statement for the half year ended September 30, 2025, following an email from BSE dated February 11, 2026. The company reported a loss before tax of Rs 61.64 lakhs, slightly improved from a Rs 69.14 lakh loss in the same period last year. Net cash from operating activities stood at Rs 1,035.83 lakhs (vs Rs 133.47 lakhs in H1 FY25), but this is largely driven by working capital movements — a sharp rise in trade payables (Rs 204.77 lakhs) and reduction in other financial assets (Rs 860.38 lakhs) — rather than core operations. Financing activities showed a net outflow of Rs 576.44 lakhs, reflecting loan repayments. The closing cash and cash equivalents improved to Rs 450.87 lakhs from just Rs 0.21 lakhs previously.
This is primarily a procedural compliance filing — a restated cash flow statement after BSE raised a query — so immediate shareholder impact is limited. However, the underlying picture is weak: the company remains loss-making at the operating level, and the seemingly strong operating cash flow is largely due to deferred supplier payments rather than genuine earnings, which is a quality concern for investors.