Unaudited Financial Results for the quarter ended 30.09.2025
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Awaiting price reaction for this filing.
Sheshadri Industries posted Q2 FY26 revenue of ₹1,391.76 lakhs, down about 3.5% from ₹1,442.12 lakhs in Q2 FY25. Q2 profit after tax came in at ₹148.35 lakhs (EPS ₹2.99) versus ₹122.74 lakhs (EPS ₹2.47) a year ago, but H1 FY26 PAT collapsed to just ₹21.14 lakhs from ₹63.81 lakhs in H1 FY25 because of a one-time ₹225.01 lakhs exceptional charge booked in Q1 (₹214.11 lakhs export duty credit written off plus ₹10.90 lakhs of earlier GST demands). The balance sheet is weak with negative net worth of ₹(1,069.16) lakhs, accumulated losses of ₹1,903.96 lakhs, total borrowings of roughly ₹2,270 lakhs, and current liabilities exceeding current assets. The statutory auditor issued a qualified review report and flagged a going concern issue.
Short-term quarter-on-quarter profit looks better, but the half-year picture is sharply weaker, and the negative net worth plus qualified audit opinion are serious red flags for shareholders. Investors should watch for any asset monetisation plan or debt restructuring since the going concern note hinges on the market value of the company's properties.