The Board of Directors of the Company at their meeting held on Friday, the 30th January, 2026 considered and approved the Unaudited Financial Results of the Company for the Quarter ended ....
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The Board of Southern Latex Ltd approved the unaudited financial results for Q3 FY26 (Dec 2025) and nine months ended Dec 2025 on January 30, 2026. Notably, the company reported zero Revenue from Operations across all periods, with only 'Other Income' of Rs. 6 lakhs per quarter (Rs. 18 lakhs for 9M FY26). Profit after Tax rose to Rs. 1.54 lakhs in Q3 FY26 from Rs. 0.63 lakhs in Q3 FY25 (up ~144%) and to Rs. 4.02 lakhs for 9M FY26 from Rs. 2.14 lakhs in 9M FY25 (up ~88%), though on a very small base. EPS stood at Rs. 0.021 for Q3 FY26 vs Rs. 0.009 a year ago. Other Equity turned positive at Rs. 54.75 lakhs from Rs. -56.29 lakhs in Q2 FY26. The statutory auditors (Balaji & Thulasiraman) issued an unmodified (clean) limited review opinion. However, net cash outflow from operating activities was Rs. 3.43 lakhs for 9M FY26, and cash equivalents declined to Rs. 5.04 lakhs from Rs. 8.47 lakhs at year-start.
The company appears to have no operating business activity, generating only other income (likely interest/dividends on deposits). While PAT grew sharply in percentage terms, absolute profits remain negligible. Negative operating cash flow and absence of operating revenue are red flags for long-term sustainability, though the clean auditor opinion and swing to positive other equity provide limited comfort.