The Board of Directors at their Meeting held on Friday, the 30th January,2026 considered and approved the Unaudited Financial Results for the Quarter ended 31st December,2025 along with ....
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Southern Latex Ltd reported zero revenue from operations for Q3 FY26 and the nine-month period, continuing its status as a non-operating company. The only income was 'Other Income' of Rs. 6 lakhs per quarter (likely interest on deposits). Profit after tax for Q3 FY26 stood at Rs. 1.54 lakhs (EPS Rs. 0.021) versus Rs. 0.63 lakhs (EPS Rs. 0.009) in Q3 FY25. For nine months, PAT nearly doubled to Rs. 4.02 lakhs from Rs. 2.14 lakhs a year ago. The balance sheet shows financial assets (loans and deposits) of Rs. 609.33 lakhs against a small equity base, and cash declined to Rs. 5.04 lakhs from Rs. 8.47 lakhs. Net cash outflow from operating activities was Rs. 3.43 lakhs for the nine-month period. The statutory auditor issued an unmodified limited review opinion with no qualifications.
The company has no core business revenue and is effectively dependent on interest income from its deposit base, raising serious going concern concerns for shareholders. Despite profit growth on paper, the absence of operating activity and negative operating cash flow suggest the stock is essentially a shell with depleting cash reserves.