Unaudited Financials Results for Second Quarter and Half year ended 30th September, 2025.
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Source Industries (India) Limited reported a strong turnaround in Q2 FY26 with total income of ₹9.00 lakhs (vs ₹0.98 lakhs in Q2 FY25) and net profit of ₹3.68 lakhs, swinging from a loss of ₹2.49 lakhs a year ago. For the half year ended September 2025, total income rose to ₹11.17 lakhs (vs ₹2.08 lakhs) and net profit stood at ₹3.79 lakhs versus a loss of ₹3.88 lakhs in H1 FY25. The company's other equity remains deeply negative at ₹(706.24) lakhs, with total equity of ₹434.07 lakhs supported by share capital of ₹1,140.31 lakhs. Operating cash flow for H1 was negative at ₹(0.84) lakhs, and trade receivables increased to ₹168.32 lakhs from ₹159.50 lakhs. The auditor (PRSV & Co LLP) issued an unmodified review report, noting that comparative period figures were reviewed by the previous auditors, indicating an auditor change.
The headline swing from loss to profit and sharp revenue growth signal an operational recovery, but the tiny absolute revenue base, negative accumulated reserves, negative operating cash flow, and growing receivables suggest the improvement should be viewed cautiously. Shareholders should monitor whether revenue and cash collection scale up sustainably in coming quarters.