Outcome of board meeting
Price
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The Board of Srigee DLM Ltd approved unaudited standalone financial results for H1 FY26 (April-September 2025). Revenue from operations fell sharply to ₹2,088.21 lakhs from ₹3,607.47 lakhs in the same period last year, a drop of roughly 42% year-on-year. Profit after tax also declined to ₹134.15 lakhs from ₹230.71 lakhs, while EPS came in at ₹2.25 versus ₹5.42 previously. The balance sheet nearly doubled in size to ₹6,687.76 lakhs, supported by a fresh share issue (share capital up to ₹597.36 lakhs) and a sharp rise in borrowings. However, operating cash flow turned deeply negative at minus ₹1,561.02 lakhs. The auditor flagged that inventory and property/plant verification, along with debtor and creditor confirmations, could not be independently verified, though the review conclusion remained unmodified.
Sharp revenue and profit decline combined with deeply negative operating cash flow are red flags for shareholders, although the balance sheet expansion (cash up to ₹1,626.92 lakhs, reserves up to ₹3,040.86 lakhs) suggests the company raised fresh capital during the period. Investors should watch for reasons behind the revenue slump and whether the new funds translate into recovery in the second half.