To 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, 2025
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Sterling Greenwoods Limited reported widening losses for H1 FY26, with standalone loss before tax rising to Rs 115.21 lakhs from Rs 102.79 lakhs a year earlier. Total income from operations showed a sharp jump to Rs 144.95 lakhs in H1 FY26 from about Rs 33 lakhs, but this came entirely from 'other operating income' while core sales (Net Sales from Operations) remained nil. Cash flow from operations turned negative at Rs (193.33) lakhs compared to a positive Rs 73.61 lakhs in H1 FY25. The auditor issued a Limited Review Report drawing specific attention (emphasis of matter) to several issues: Rs 90 lakhs of lease income not booked for Q1 and Q2 FY26, ongoing NCLT and civil court cases related to past asset transfers, an FIR for misappropriation of Rs 17.55 lakhs by a former resort manager, and a settlement with an ex-director. The Board also appointed Mr. Umang Gohel as Additional Independent Director for five years and reconstituted all three Board committees.
Despite higher reported income, the company continues to make widening losses with negative operating cash flow, and the auditor has flagged significant unresolved legal and accounting matters — this is a negative signal for shareholders indicating weak operational health and unresolved risks that could affect future financial statements.