Quarterly Financial Results for Quarter ended September 30, 2025
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Inditalia Refcon Ltd reported unaudited results for Q2 FY26 (quarter ended September 30, 2025), showing zero revenue from operations and other income, continuing its status of having no business activity. The company posted a net loss of Rs. 17.81 lakhs in Q2, widening from Rs. 10.08 lakhs in Q1, taking the H1 FY26 loss to Rs. 27.88 lakhs against Rs. 1.51 lakhs in the same period last year. Total expenses of Rs. 17.81 lakhs were driven mainly by 'other expenses.' On the balance sheet, reserves and surplus remain deeply negative at Rs. -1,315.83 lakhs, eroding shareholders' funds to Rs. -125.76 lakhs. Operating cash flow was negative at Rs. -33.06 lakhs, funded partly by an increase in short-term borrowings from Rs. 44.86 lakhs to Rs. 78.24 lakhs. The auditor issued an un-modified (clean) review report.
Negative for shareholders — the company is operationally dormant with zero revenue, mounting losses, fully eroded net worth, and continued reliance on short-term borrowings to fund losses, raising serious going concern questions despite the clean auditor's report.