Unaudited Financial Results for the quarter and half year ended September 30, 2025
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Shree Precoated Steels Limited reported unaudited financial results for Q2 FY26 (quarter ended Sept 30, 2025) and H1 FY26 (half year ended Sept 30, 2025) at a board meeting held on November 6, 2025. The company posted a loss before tax of Rs. 16 lakhs for Q2 FY26 and Rs. 28 lakhs for H1 FY26, with a loss per share of Rs. 0.29 and Rs. 0.68 respectively. The company's net worth has worsened to negative Rs. 244 lakhs as of September 30, 2025 (from negative Rs. 216 lakhs as of March 31, 2025), with reserves and surplus in deep negative territory at Rs. 630 lakhs. The statutory auditor V. Parekh & Associates issued a Limited Review Report flagging a 'Material Uncertainty Related to Going Concern,' noting that the negative net worth casts significant doubt on the company's ability to continue operations as a going concern.
This is a significant red flag for shareholders — the auditor has explicitly flagged going concern uncertainty due to negative net worth, and the company continues to report losses. Investors should be cautious as the company's survival depends on its ability to raise fresh finance and generate future cash flows.