1. considered and approved Standalone and Consolidated Un-audited Financial Results of the Company along with Limited Review Reports for the quarter and half year ended on 30th September, ....
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Awaiting price reaction for this filing.
Sterling Greenwoods Limited's board approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 (ended September 30, 2025). Standalone Q2 total income rose sharply to Rs 29.34 lakh from Rs 1.44 lakh a year ago, but the company still reported a net loss of Rs 48.05 lakh (consolidated loss Rs 54.59 lakh) for the quarter. Half-yearly loss widened to Rs 102.65 lakh (standalone) from Rs 35.09 lakh last year. Net cash from operations turned sharply negative at negative Rs 193.33 lakh versus a positive Rs 73.61 lakh in H1 FY25. The auditor flagged multiple Emphasis of Matter issues including: (i) non-recognition of Rs 90 lakh lease income from the Pushpadevi Goenka Trust, (ii) ongoing civil suits and NCLT cases related to FY 2009-10 asset transfers, (iii) an FIR against a former resort manager for misappropriation of Rs 17.55 lakh, and (iv) a qualified review stating that the lease income issue is an exception. The board also appointed Mr. Umang Gohel as Additional Independent Director for 5 years and reconstituted the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees.
The stock is unlikely to get a positive reaction as losses are widening, cash burn has turned sharply negative, and the auditor has qualified the review with multiple ongoing legal and NCLT-related contingencies. The Rs 90 lakh unrecognized lease income further distorts already weak operating performance, and a debt-to-equity ratio above 1.1 adds leverage concern.