Revised Outcome of Board Meeting held on 14th November, 2025 and Results-Financial Results for the quarter ended September 30, 2025.
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Awaiting price reaction for this filing.
This is a revised filing of Q2 FY26 results (quarter ended 30 September 2025) submitted only to correct the company's registered office address; all financial numbers remain unchanged from the original 14 November 2025 filing. Total income from operations was just Rs 0.93 lakh versus Rs 11.92 lakh in the same quarter last year, with net sales effectively at zero. The company reported a net profit of Rs 1,003.19 lakhs, but this is entirely driven by an exceptional item of Rs 1,020.39 lakhs, while core operations posted a loss of Rs 17.20 lakhs before tax. For H1 FY26, net profit stands at Rs 996.38 lakhs, compared with a loss of Rs 8.16 lakhs in H1 FY25, again due to the same one-time gain. Other equity remains deeply negative at Rs (2,748.43) lakhs, reflecting accumulated losses, and operating cash flow before extraordinary items was negative at Rs (51.36) lakhs.
The headline profit is misleading — it is a one-time exceptional gain, not sustainable operating performance. Core revenue has nearly vanished, the textile segment continues to post operating losses with negative capital employed, and the company has accumulated losses exceeding its equity, which is a red flag for retail investors. The stock is likely to see only limited or no positive reaction despite the large reported profit number.