Q2 FY26 results: deeper losses, going concern flagged
SELMC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SEL Manufacturing posted a Q2 FY26 net loss of Rs 44.22 crore versus Rs 43.08 crore a year ago. H1 FY26 revenue fell sharply to about Rs 11 crore from Rs 25 crore. The auditor flagged material uncertainty on going concern due to cumulative losses of Rs 726 crore and defaults of Rs 215 crore principal plus Rs 152 crore interest. The auditor also gave a qualified opinion as the company skipped impairment testing. Negative equity stands at Rs 301 crore.
Severe financial distress with negative equity, big loan defaults, and going concern doubts. Expect high volatility and downside risk.