We are enclosing herewith un-auditoed Financial statements for the quarter ended 30th sept. 2024 alongwith undertaking and statutory auditors'' limited reivew report for the quarter ended ....
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Samtel India Ltd reported un-audited financial results for Q2 FY25 (quarter ended 30 September 2024) with total income from operations of Rs. 3.45 lakhs, unchanged from the corresponding quarter last year. The company swung to a net loss of Rs. 5.36 lakhs for the quarter, compared to a small profit of Rs. 0.80 lakh in the year-ago quarter. For the half year ended September 2024, the net loss widened to Rs. 4.96 lakhs against Rs. 0.13 lakh loss in the prior period. The auditor (R. Sharma & Associates) issued an unmodified opinion but drew attention to the going concern basis of preparation and noted that the delisting matter is subjudice before the Securities Appellate Tribunal. Other equity remains deeply negative at Rs. (517.42) lakhs, indicating accumulated losses far exceed share capital, while total assets stand at Rs. 466.62 lakhs with very low cash balances of Rs. 5.50 lakhs.
Negative for shareholders — the company continues to report losses with no revenue growth, deeply negative reserves, and the auditor explicitly flagging going concern and pending litigation risks. The stock is thinly traded and the delisting matter remains unresolved, making this a high-risk situation for retail investors.