submitting the un-audited standalone and consolidated financial results of the company for the quarter and half year ended 30.09.2025
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Awaiting price reaction for this filing.
SSPDL Limited, a Hyderabad-based property developer, reported widening losses for Q2 FY26. Standalone revenue from operations in Q2 was negligible (virtually nil) versus about Rs. 132.78 lakhs in Q1 FY26 and Rs. 290.41 lakhs in Q2 FY25. The company posted a standalone loss before tax of Rs. 160.79 lakhs in Q2 FY26 versus Rs. 83.25 lakhs in Q2 FY25 (nearly doubled), and an H1 FY26 loss of Rs. 316.91 lakhs versus Rs. 173.86 lakhs in H1 FY25. EPS stood at Rs. (1.24) for the quarter versus Rs. (0.64) a year ago. Other equity is deeply negative at Rs. (1,490.09) lakhs on a standalone basis, indicating accumulated losses have eroded net worth. On a positive note, operating cash flow improved to Rs. 323.17 lakhs (vs Rs. 158.80 lakhs in H1 FY25), and the statutory auditors (Karvy & Co) issued a clean, unmodified limited review report with no qualifications or emphasis of matter.
Sharp drop in revenue, widening half-yearly losses and a negative net worth are serious red flags that may weigh on the stock and could raise going-concern questions, although positive operating cash flow and an unqualified auditor review provide some comfort.