Un-audited Financial Results for the Quarter and Half Year Ended 30.09.2025.
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Sarthak Global Limited reported a sharp fall in revenue for Q2 FY26 (quarter ended 30 Sept 2025), with total income from operations plunging to Rs. 9.36 lakhs versus Rs. 247.92 lakhs in Q2 FY25, a drop of about 96%. For the half-year (H1 FY26), revenue fell to Rs. 94.40 lakhs from Rs. 310.64 lakhs in H1 FY25, a decline of roughly 70%, mainly due to lower trading of commodities. Despite the revenue slump, the company swung to a profit, posting H1 FY26 net profit of Rs. 41.32 lakhs against a loss of Rs. 20.68 lakhs in H1 FY25, while Q2 FY26 showed a small loss of Rs. 0.34 lakhs (vs Rs. 8.25 lakhs loss a year ago). The statutory auditor (Ashok Kumar Agrawal & Associates) issued an unmodified limited review report. The balance sheet remains highly leveraged, with total borrowings of about Rs. 871 lakhs against equity of about Rs. 210 lakhs.
The return to a half-year profit is a positive sign, but the steep revenue decline and very high debt-to-equity ratio (roughly 4x) raise sustainability concerns. Shareholders should watch for a recovery in commodity trading volumes and progress on deleveraging before drawing long-term conclusions.