The board of directors of the company at its meeting held today has considered and approved the unaudited financial result of the company for the quarter and half year ended september 30, ....
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Shree Steel Wire Ropes Ltd reported weak unaudited results for Q2 FY26 (ended Sept 30, 2025). Revenue from operations for the quarter stood at Rs. 89.53 lakhs, down sharply from Rs. 162.69 lakhs in Q1 FY26, indicating a steep sequential decline of around 45%. The company slipped into a loss of Rs. 8.86 lakhs in Q2 FY26 at the PAT level, after a loss of Rs. 3.20 lakhs in Q1 FY26. Cumulative loss for H1 FY26 widened to Rs. 43.40 lakhs versus Rs. 16.45 lakhs in H1 FY25. However, full-year FY25 (audited) had closed with a small profit of Rs. 4.69 lakhs. Net cash and cash equivalents improved to Rs. 153.65 lakhs from Rs. 96.42 lakhs at the start of the year. The statutory auditors (Chandak Agarwal & Co) issued an unmodified limited review report with no qualifications.
Investors should note that the company has slipped from profit into consecutive quarterly losses with a sharp drop in top-line, which may weigh negatively on sentiment. The widening H1 loss versus the prior year is a concern, though the small size of the business and a cleaner balance sheet with improving cash position limit immediate solvency worries.