BSEShare Samadhan LtdHighNeutral
Announced Thu, 14 May · 16:36 IST

Financial Results for the half year ended 31.03.2026

Revenue DeclinePat NegativeNegative Operating CashflowEmphasis Of MatterResults View source PDF

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AI summary

Share Samadhan Ltd reported a significant decline in financial performance for FY26. Standalone revenue fell to Rs 620.82 Lakhs from Rs 887.15 Lakhs in FY25 (30% decline), while consolidated revenue dropped sharply to Rs 620.85 Lakhs from Rs 1,443.73 Lakhs (57% decline). Profit after tax declined 69% on standalone (Rs 70.12 Lakhs vs Rs 228.51 Lakhs) and 82% on consolidated basis (Rs 57.56 Lakhs vs Rs 314.61 Lakhs). The company raised Rs 2,036.48 Lakhs via IPO and Rs 585 Lakhs via share warrants, but operating cash flow remained deeply negative at Rs -993.32 Lakhs (standalone) and Rs -1,136.29 Lakhs (consolidated). Short-term loans and advances surged from Rs 704.40 Lakhs to Rs 1,406.59 Lakhs, indicating heavy capital deployment. The auditor issued an unmodified opinion but flagged significant concerns including unquoted investments of Rs 1,030 Lakhs in ERDAC Solutions and rising receivables/advances requiring judgment.

Likely market impact

The company faces severe operational challenges with revenue and profitability more than halving year-on-year. Despite raising over Rs 2,600 Lakhs from IPO and warrants, cash burn from operations remains high, raising questions about business sustainability and fund deployment efficiency.