In terms of Regulation 30 of SEBI (LODR) Regulations, 2015, this is to inform that the meeting of the Board of Directors of M/s. Sparc Electrex Limited was held today on 14th November, ....
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Sparc Electrex's board, meeting on 14 November 2025, approved its unaudited results for the quarter and half year ended 30 September 2025. Revenue from operations collapsed to just Rs 13 lakh in Q2 FY26 versus Rs 133.56 lakh in Q2 FY25, a roughly 90% year-on-year drop, and the company swung to a loss before tax of Rs 4.86 lakh in Q2 and Rs 70.50 lakh in H1 FY26 (compared to a profit of Rs 7.34 lakh in H1 FY25). The trading segment reported no revenue this half-year, while the manufacturing segment is in a loss of Rs 48.27 lakh. The auditor (Motilal & Associates LLP) issued an unmodified limited review report with no qualifications. The full-year FY25 had ended with a loss of Rs 152.04 lakh, indicating continued stress on the core business. Operating cash flow was negative at Rs 100.81 lakh in H1 FY26, partly offset by Rs 151 lakh received from sale of fixed assets, leaving cash balance at Rs 60.51 lakh.
This is clearly negative for shareholders — revenues have nearly vanished, the company is back in losses, and operating cash burn continues, with the prior year's results also in the red. The clean auditor opinion removes any immediate governance red flag, but the underlying business trajectory points to significant operational weakness that could weigh on the stock.