Outcome of Board meeting held today i.e. 13.11.2025.
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Steel Strips Infrastructures Ltd's board approved standalone and consolidated unaudited results for Q2 and H1 FY26 ending 30 September 2025. On a standalone basis, revenue from operations fell to Rs 29.87 lakhs in Q2 from Rs 32.44 lakhs a year ago, and the company reported a net loss of Rs 20.29 lakhs (vs loss of Rs 24.60 lakhs). For H1 FY26, revenue rose to Rs 69.03 lakhs from Rs 63.60 lakhs but the standalone loss remained at Rs 43.17 lakhs. Consolidated results were heavily distorted by its associate Malwa Chemtex Udyog, swinging from a Q2 share of loss of Rs 1,685.90 lakhs to an H1 share of profit of Rs 1,662.49 lakhs, taking consolidated H1 PAT to Rs 1,619.32 lakhs. The standalone balance sheet shows completely eroded net worth of negative Rs 48.97 lakhs, and operating cash flow for H1 was negative at Rs 15.10 lakhs, with cash balance dropping to just Rs 4.15 lakhs. The board also amended its Code of Fair Disclosure to align with recent SEBI PIT Regulation changes.
Standalone financials remain weak with negative net worth, recurring losses, and cash burn, raising genuine going-concern concerns for the standalone entity. Consolidated optics look better only because of large swings in the associate Malwa Chemtex; the standalone share price is likely to remain under pressure until the core business returns to profitability.