We are hereby submitting the Outcome of the Board Meeting held today in which the Board has approved inter alia: 1. Independent Auditor's Report on Audited Financial Results (Standalone) ....
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Awaiting price reaction for this filing.
Sidh Automobiles Limited reported audited standalone financial results for Q4 and FY 2025-26. The company declared Total Comprehensive Income of Rs 296.23 Lakhs for the year, compared to Rs 2.59 Lakhs in the previous year - a significant increase. However, the financial statements reveal zero revenue from operations, with total income of Rs 22.64 Lakhs derived entirely from other income sources. The Statement of Cash Flows shows a dramatic deterioration - cash and cash equivalents plummeted from Rs 223.53 Lakhs to Rs 0.2 Lakhs, representing a 99.91% decline. The statutory auditor B.M. Gattani & Co. issued an unmodified (clean) audit opinion confirming the financial statements present a true and fair view.
The stock may face pressure due to zero operational revenue and severe cash depletion, despite positive bottom-line figures. The clean audit opinion provides some comfort, but the sustainability of a business with no operating revenue is questionable for long-term investors.