Financial Results for the quarter ended 30.06.2025
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Sheshadri Industries reported Q1 FY26 revenue from operations of ₹634.46 lakhs, slightly down from ₹641.81 lakhs in Q1 FY25, while total income rose to ₹785.94 lakhs on higher other income of ₹151.48 lakhs. The company swung to a profit before exceptional items and tax of ₹97.80 lakhs compared to a loss of ₹58.93 lakhs a year ago, but an exceptional charge of ₹225.01 lakhs (write-off of uncollectible export duty credit of ₹214.11 lakhs and GST demands of ₹10.90 lakhs) pushed it to a net loss of ₹127.21 lakhs (EPS of ₹-2.56). The auditor (K.S. Rao & Co) issued a qualified conclusion flagging non-provision of ₹26.54 lakhs interest on unpaid TDS dues. The board also approved director changes, appointed a new secretarial auditor for 5 years, and noted accumulated losses of ₹2,052.30 lakhs with current liabilities exceeding current assets, keeping the financials on a going-concern basis supported by immovable property values.
Short-term: the headline loss driven by one-off write-offs and the qualified auditor opinion may weigh on sentiment, but the underlying operating business turned profitable versus last year. Longer-term: the going-concern note on accumulated losses and working capital deficit remains a key risk factor for shareholders to monitor.