Results attached
Awaiting price reaction for this filing.
The board approved standalone unaudited results for Q2 and H1 FY26 on October 10, 2025. Revenue from operations collapsed to Rs 0 in Q2 FY26 versus Rs 267.28 lakhs in Q2 FY25, as the sugar division had no crushing activity during the off-season. H1 FY26 revenue stood at just Rs 61.45 lakhs against Rs 2,468.82 lakhs in H1 FY25, a drop of roughly 97.5%. The company posted a net loss of Rs 198.51 lakhs in Q2 FY26 and Rs 439.41 lakhs for H1 FY26 (versus Rs 566.42 lakhs loss in H1 FY25), with EPS at negative Rs 3.38 for the half-year. Total equity turned negative at Rs (480.29) lakhs as of September 30, 2025, and operating cash flow was negative at Rs (202.43) lakhs. The statutory auditor issued an unmodified limited review opinion.
Sharply shrinking revenues, persistent losses, and a negative net worth signal serious financial weakness, which could weigh on the stock price and raise solvency concerns for shareholders. Despite the weak numbers, the unmodified auditor opinion and seasonal nature of the sugar business provide some context for the results.