Financial Result for the quarter ended 30th September, 2025
SOMATEX · price
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Soma Textiles reported Q2 FY26 revenue from operations of Rs 205 lakhs, down from Rs 364 lakhs in Q2 FY25, and posted a standalone net loss of Rs 63 lakhs for the quarter (vs profit of Rs 6,817 lakhs a year ago, which was inflated by huge one-time asset sale gains). For H1 FY26, the company reported a net profit of Rs 300 lakhs, aided by Rs 312 lakhs of exceptional items mainly comprising forex gain on a loan to its associate and profit on sale of remaining plant and machinery. The auditor (Pipara & Co) flagged a Material Uncertainty Related to Going Concern, noting the company has stopped manufacturing operations, sold off its plant and machinery, and now only does cotton and cotton yarn trading. Cash and bank balances stood at Rs 1,482 lakhs as of 30 September 2025, against total liabilities of just Rs 328 lakhs. The filing also disclosed a complete change of promoters and management in July 2025, with the Somany family selling its entire stake to Roadway Solutions India Infra Ltd and the Gadhoke family.
The going-concern flag and the fact that the company has wound down manufacturing to a pure trading model are material risks for shareholders, while the simultaneous change in promoters and management creates additional uncertainty about future strategy and direction of the stock.