Pursuant to review and recommendation of Audit Committee of the Company the Board has considered and approved Standalone and Consolidated Un-audited Financial Results of the Company along ....
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Sterling Greenwoods Limited's Board approved the un-audited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025. The company reported nil revenue from operations (net sales) in the quarter, with total operating income of only Rs 1.44 lakh, against Rs 1.44 lakh in the year-ago quarter. For the 9-month period, total operating income fell sharply to Rs 32.21 lakh from Rs 141.95 lakh in the prior year. Net loss for the quarter was Rs 31.55 lakh (vs Rs 54.59 lakh loss) and for the 9-month period was Rs 134.20 lakh (vs Rs 164.54 lakh loss), showing some narrowing of losses. The auditor flagged that the company has not recognised Rs 135 lakh in lease income (Rs 45 lakh per quarter for three quarters) from a lease agreement with Pushpadevi Goenka Trust, which would have reduced losses materially. Multiple ongoing legal cases, NCLT proceedings and an FIR against a former resort manager were noted as emphasis-of-matter items.
The continued losses, near-zero operational revenue, and auditor concerns about unbooked lease income and pending litigation signal persistent financial stress; shareholders should expect continued pressure on the stock and watch for clarity on the lease income booking and outcomes of the court cases.