Approved Unaudited Financial Results for the quarter and half year ended September 30, 2025
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Awaiting price reaction for this filing.
Shree Precoated Steels reported another quarter of losses, with a loss after tax of Rs. 16 lakhs for Q2 FY26 and Rs. 28 lakhs for H1 FY26, compared to Rs. 28 lakhs and Rs. 29 lakhs losses in the corresponding prior periods. Revenue from operations is negligible, while the company continues to incur expenses, pushing it further into the red. The company's net worth has worsened to negative Rs. 244 lakhs as of September 30, 2025, from negative Rs. 184 lakhs at March 31, 2025. Basic and diluted EPS stand at Rs. (0.29) for the quarter and Rs. (0.70) for the half year. The statutory auditor, V Parekh & Associates, has flagged a Material Uncertainty Related to Going Concern, noting that the negative net worth casts significant doubt on the company's ability to continue operations.
This is a deeply negative filing for shareholders. The auditor's explicit going concern warning, combined with persistent losses and a deepening negative net worth, raises serious questions about the company's survival and solvency. Investors should view this stock as high-risk; the going concern flag could trigger lender action, promoter support needs, or even restructuring discussions.