Q2 FY26 Results: Steep Losses, Going Concern Doubt
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 Q2 FY26 revenue of about Rs. 531 lakh (versus Rs. 489 lakh a year ago) and a loss of Rs. 4,422 lakh. Half-year revenue fell sharply to Rs. 1,106 lakh from Rs. 2,551 lakh last year, with cumulative losses of Rs. 72,616 lakh. The auditor issued a qualified opinion citing skipped impairment testing and flagged material uncertainty on going concern, given unpaid installments and interest of about Rs. 36,700 lakh, weak liquidity, and reliance on job-work instead of own manufacturing.
Severely negative. Equity fully eroded, unpaid debts mounting, and going concern doubt flagged. Highly risky for shareholders.