Pursuant to regulation 30 read with Regulation 33 of SEBI (LODR) Regulations, 2015, please find enclosed herewith the un-audited financial results of the Company for the Quarter and half ....
Awaiting price reaction for this filing.
SRM Energy Limited reported zero revenue from operations for both Q2 FY26 and H1 FY26, as the company has no active business. Total income of ₹3.77 lakh in Q2 came entirely from an income tax refund. The company posted a loss after tax of ₹12.02 lakh in Q2 and ₹151.72 lakh for the half year, with EPS of negative ₹1.67 for H1. Total equity is deeply negative at ₹(562.28) lakh, as accumulated losses have fully eroded the net worth. The auditor issued a qualified opinion flagging material uncertainty about the company's ability to continue as a going concern, noting continuous cash losses and current liabilities exceeding current assets.
This is a serious red flag for shareholders - the company has no operations, is loss-making, has negative net worth, owes unpaid employee salaries of ₹18.64 lakh, and its survival depends on financial support from its parent company. Stock price is likely to remain under pressure given the going concern warning.