Revised Outcome of Board Meeting for approval of Unaudited Standalone Financial Results of the Company for the Half Year ended on 30th September, 2025
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Srigee DLM reported its unaudited H1 FY26 (ended Sept 30, 2025) results, which showed a sharp drop compared to the same period last year. Revenue from operations fell to ₹2,088.21 lakhs from ₹3,607.47 lakhs in H1 FY25, a decline of about 42%. Total income came in at ₹2,141.98 lakhs versus ₹3,615.42 lakhs earlier. Profit after tax slipped to ₹134.15 lakhs (₹2.25 per share) from ₹230.71 lakhs (₹5.42 per share), down roughly 42% year-on-year. Operating cash flow was deeply negative at ₹(1,561.01) lakhs, driven by a large build-up in loans and advances and inventory. On the balance sheet, cash surged to ₹1,626.92 lakhs (from ₹58.83 lakhs) largely due to IPO proceeds received in May 2025, but most of the IPO money (₹1,388.68 lakhs out of ₹1,697.65 lakhs) remains unutilised as of September 30, 2025. Short-term borrowings jumped sharply to ₹1,233.66 lakhs from ₹208.90 lakhs.
Weak H1 performance with steep revenue and profit declines and negative operating cash flow may pressure the stock in the near term, though the recent IPO gives the company a comfortable cash cushion to fund planned expansion. Investors should watch whether revenue normalises in H2 and how quickly IPO funds are deployed.