Unaudited Financial result for the quarter and half year ended September 30, 2025
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Shalimar Productions Ltd reported near-zero revenue from operations of just Rs 0.02 lakh in Q2 FY26 (ended September 2025), sharply down from Rs 116.02 lakhs in the same quarter last year. For the first half of FY26, total income collapsed to Rs 0.03 lakh versus Rs 218.52 lakhs in H1 FY25, a near-total revenue wipeout. The company posted a net loss of Rs 19.31 lakhs in Q2 and Rs 71.35 lakhs for H1 FY26, widening from Rs 17.61 lakhs loss a year ago, driven mainly by employee costs, depreciation, and other expenses with virtually no offsetting income. Cash flow from operations turned negative at Rs 5.78 lakhs for H1 FY26, compared to a positive Rs 154.71 lakhs in H1 FY25. Statutory auditors Bhatter & Associates issued an unmodified (clean) limited review report with no qualifications or emphasis of matter.
The collapse in revenue and continued losses signal serious operational trouble for shareholders, with the stock likely to face pressure given the lack of income generation. Reserves have also dipped from Rs 292.02 lakhs to Rs 220.68 lakhs, indicating erosion of book value, though the auditor's clean opinion provides some reassurance on reporting quality.