Seya Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Seya Industries is under Corporate Insolvency Resolution Process (CIRP) since November 2023, and these results were approved by the Interim Resolution Professional rather than the board. Revenue from operations was Rs. 522 lakhs in Q1 FY26, up sharply from Rs. 287.35 lakhs in Q1 FY25 (roughly 82% growth), but on a very small base. The company reported a loss before tax of Rs. 136.52 lakhs and a loss after tax of Rs. 62.23 lakhs in the quarter, against a small profit last year. Despite the filing being titled 'audited' in the cover letter, the actual results and the auditor's report confirm this is an unaudited statement reviewed by the statutory auditor. The company has not booked interest of about Rs. 2,690 lakhs (Rs. 708.78 lakhs on operating assets and Rs. 1,981.06 lakhs on project assets) due to ongoing lender disputes, and there are material uncertainties on these litigations.
Shareholders face very high risk: the company is in insolvency proceedings, continues to post quarterly losses, has unresolved lender disputes worth crores, and its long-term survival depends on the resolution plan outcome. Revenue growth is encouraging in absolute terms but is too small to suggest a turnaround, and the stock remains a distressed, high-risk situation rather than a normal investment.