results attached
Awaiting price reaction for this filing.
Oswal Overseas Limited reported standalone unaudited results for Q2 FY26 with revenue from operations at zero (vs ₹61.45 lakh in Q1 FY26 and ₹267.28 lakh in Q2 FY25), as the sugar crushing season had not yet started. For the six months ended September 30, 2025, total revenue collapsed to ₹97.89 lakh from ₹2,485.91 lakh in H1 FY25 — a ~96% decline. The company posted a loss after tax of ₹439.41 lakh in H1 FY26 (vs ₹566.42 lakh loss in H1 FY25), with EPS of ₹(3.38). The balance sheet remains deeply stressed: total equity is negative at ₹(480.29) lakh, total borrowings stand at ~₹2,531 lakh, and trade payables of ₹6,264.67 lakh far exceed current assets of ₹1,056.50 lakh. Operating cash flow was negative at ₹(202.43) lakh, and cash balances fell to ₹160.74 lakh from ₹271.14 lakh at the start of the year.
The company remains in deep financial distress — negative net worth, multi-year losses, severe working capital mismatch, and negative operating cash flow raise serious going-concern concerns despite an unmodified limited review from auditors. Shareholders should view this as high-risk; the stock is likely to remain under pressure absent a major business revival, equity infusion, or debt restructuring.