Approved Unaudited Financial Results for the quarter / half year ended 30.09.2025.
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Satyam Silk Mills Limited reported no revenue from operations for Q2 FY26 and H1 FY26, with the company appearing to function primarily as an investment entity earning other income. Total income for H1 FY26 stood at Rs. 73.01 lakh, down from Rs. 92.73 lakh in H1 FY25, a decline of about 21%. Profit after tax for H1 FY26 was Rs. 23.54 lakh versus Rs. 40.19 lakh in the prior year period, a drop of roughly 41%, translating to an EPS of Rs. 1.27 versus Rs. 2.17. The company purchased stock-in-trade worth Rs. 508.27 lakh during the quarter, hinting at a possible new trading line. The balance sheet remains debt-free with total assets of Rs. 2,773.97 lakh and other equity of Rs. 2,413.75 lakh. The statutory auditor issued a limited review report with an unmodified opinion, with no qualifications or emphasis of matter. However, operating cash flow was sharply negative at Rs. -637.94 lakh, mainly due to inventory build-up and working capital changes, though this was offset by inflows from investment sales of Rs. 1,813.94 lakh.
Profitability from the company's investment portfolio has weakened, with both other income and PAT falling sharply year-on-year. While the debt-free balance sheet and unmodified audit opinion are positives, the negative operating cash flow and absence of any operating revenue are concerns. The recent stock-in-trade purchase suggests management is attempting to start a trading business, which is a development shareholders should monitor closely.