Outcome of Board Meeting for approval of unaudited financial results for the quarter and half year ended September 30, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Sharika Enterprises, an EPC company focused on power, railway, civil and oil & gas projects, reported continued losses in Q2 FY26. Standalone revenue from operations fell to ₹2,062 lakhs from ₹2,444 lakhs in the same quarter last year, an ~16% decline, while H1 revenue dropped to ₹3,750 lakhs from ₹4,242 lakhs (~12% decline). The company posted a standalone loss after tax of ₹172.63 lakhs for the quarter and ₹273.60 lakhs for the half year, though the H1 loss narrowed from ₹394 lakhs a year ago. On a consolidated basis (including subsidiaries Sharika Smartec, Sharika Spintech and Contronics Switchgear), the H1 loss after tax was wider at ₹368.92 lakhs, and other equity turned sharply negative at ₹(311) lakhs versus ₹31 lakhs at March 2025. The statutory auditor (R D V & Associates) issued an unmodified review opinion on both standalone and consolidated results. Note that the company's investment in its joint venture Electtromeccanica India Pvt Ltd has been fully eroded due to accumulated losses.
Negative for shareholders — revenues shrank, losses continued, and consolidated net worth eroded into negative territory, raising concerns about long-term financial health despite a clean audit report. Stock could see pressure given widening Q2 loss and weakening equity base.