Integrated filing (financial) for the quarter ended September 30,2025
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Awaiting price reaction for this filing.
Popular Estate Management Ltd reported a loss before tax of Rs 7.65 lakhs for Q2 FY26 and Rs 17.12 lakhs for H1 FY26, continuing its loss-making streak (vs Rs 9.48 lakhs loss in Q2 FY25). Revenue from operations stood at just Rs 3.58 lakhs for the quarter (Rs 6.93 lakhs for H1), showing negligible business activity. The company has not recognized deferred tax assets due to uncertainty about sufficient future taxable income. Operating cash flow was negative at Rs (17.79) lakhs, with cash position improving marginally to Rs 3.42 lakhs mainly through fresh borrowings of Rs 20.50 lakhs. Total assets stood at Rs 5,050.14 lakhs with significant contingent liabilities of Rs 2,216.69 lakhs relating to income tax disputes. The statutory auditor (H.S. Jani & Associates) issued an unmodified review report.
Shareholders should note the company remains in losses with negative operating cash flow and relies on borrowings to sustain operations. The large contingent tax liabilities are a key risk, though the auditor raised no qualifications. Stock is likely to remain thinly traded and sentiment weak given the poor fundamentals.