Revenue declines, continued losses and a large current-liability deficit

Going ConcernRevenue DeclinePat NegativeEbitda Margin CompressionNegative Operating CashflowResults View source PDF Explain this filing

SPENCERS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.3%Reaction day

₹46.18

prior close

₹45.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-1.0% vs market

Diversified Retail peers, median of 9sector-1.1%-0.2% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.2 pts less than its Diversified Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

+1.0

15m

+1.0

30m

+1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3-0.3-1.0-1.1-0.2

Next day

-0.3+0.7-0.9-0.9+0.7

+0.7+0.6+0.2-1.1+1.9

-0.2+0.5-0.7-1.9+1.7

+0.1+1.1-1.0-1.5+1.6

+2.4+0.3+2.2-2.1+4.5

-1.5-0.2-1.2-3.7+2.2

15d

-4.2-2.2-2.0-1.8-2.4

-10.8-4.9-5.9-8.1-2.7

-19.9-7.5-12.4-21.6+1.7

-20.5-4.8-15.8-10.2-10.3

UpDownMarket · Nifty Microcap 250Sector · Diversified Retail peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Unaudited fiscal 2025-26 Q2 and half-year results were approved. Consolidated revenue fell 14.1% year on year to Rs 445.15 crore in Q2 and 19.3% to Rs 860.98 crore for six months. Q2 loss narrowed to Rs 63.79 crore from Rs 87.18 crore; half-year loss was Rs 125.40 crore. Operating cash outflow was Rs 74.34 crore; current liabilities exceeded current assets by Rs 929.48 crore. Management expects banks, promoters and asset sales to meet obligations.

Likely market impact

Revenue fell, losses persisted and operating cash stayed negative. The Rs 929.48 crore current-liability gap raises near-term stock risk.