Shah Alloys Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
SHAHALLOYS · price
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Awaiting price reaction for this filing.
Shah Alloys Limited reported its unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) along with other board decisions. Standalone revenue crashed to Rs 23.64 crores from Rs 118.55 crores in Q1 FY25, an ~80% year-on-year decline, and the company posted a net loss of Rs 2.83 crores (EPS of Rs -1.43). Consolidated net loss stood at Rs 2.32 crores, widening to Rs 5.56 crores after including a Rs 3.44 crore share of losses from associate SAL Steel. The company's auditor (Parikh & Majmudar) issued a qualified opinion and flagged a material uncertainty on the going concern status because Shah Alloys shut down its Iron and Steel plant at Santej, Gujarat in July 2025 due to persistent losses and technology obsolescence, with no impairment provision made against Rs 900.50 lakhs of capital work-in-progress. The board also appointed Smt Nipa Jairaj Shah as an Independent Director, continued Ashok Sharma as Whole Time Director despite him turning 70, and fixed September 26, 2025 for the 35th AGM.
This is a deeply negative filing for shareholders: the core manufacturing business has been shut down, revenue has collapsed by ~80%, losses continue, and the auditor has cast doubt on whether the company can continue as a going concern. Investors should expect high stock-price volatility and significant execution risk on whatever new business direction management pursues.