The Board of Directors of the Company at their meeting held on Monday, the 10th November, 2025 considered and approved the Unaudited Financial Results of the Company for the Quarter ended ....
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Southern Latex Limited's board approved its Q2 FY26 (ended Sept 30, 2025) unaudited results. Notably, Revenue from Operations stood at zero for the quarter, with the only income being 'Other Income' of Rs. 6 lakhs per quarter (likely interest/dividend income), indicating the company has no active operations. Total income for Q2 was Rs. 6 lakhs against total expenses of Rs. 4.78 lakhs, yielding a profit after tax of Rs. 1.22 lakhs (up from Rs. 0.86 lakhs in Q2 FY25, ~42% YoY growth). EPS stood at Rs. 0.017. The balance sheet shows total assets of Rs. 682 lakhs, with trade receivables making up Rs. 609 lakhs of assets. Other equity remains negative at Rs. -56.29 lakhs. Cash and cash equivalents fell sharply from Rs. 8.47 lakhs (March 2025) to Rs. 2.03 lakhs (Sept 2025), and net cash from operating activities was negative at Rs. -6.44 lakhs for H1 FY26.
For shareholders: The company appears largely dormant with no operational revenue and negative accumulated reserves, relying on other income to eke out small profits. The shrinking cash balance and negative operating cash flow are worrying. The PAT growth is from a very small base and not from core business activity, so it does not signal operational turnaround.