Submission of Unaudited Financial Results as on 30th September 2025.
Awaiting price reaction for this filing.
Iykot Hitech Toolroom reported a sharp deterioration in Q2 FY26 results, with net sales falling to Rs. 60.84 lakhs from Rs. 171.84 lakhs in Q2 FY25 — a drop of roughly 65% year-on-year. Total income from operations for the half year stood at Rs. 130.04 lakhs versus Rs. 334.59 lakhs in H1 FY25, also nearly halved. The company swung to a wider operating loss of Rs. -41.45 lakhs in Q2 (vs Rs. -7.25 lakhs loss a year ago), pushing the half-year loss to Rs. -76.83 lakhs compared to Rs. -63.22 lakhs in H1 FY25. The statutory auditor (KGS and Associates) issued an unmodified limited review report. The balance sheet shows negative reserves of Rs. -36.55 lakhs (vs Rs. -21.77 lakhs in March 2025), while share capital rose to Rs. 63.54 lakhs following a rights issue of Rs. 21.52 lakhs. Operating cash flow remained deeply negative at Rs. -23.26 lakhs for the half year.
Continued revenue erosion and widening losses, combined with negative reserves and negative operating cash flow, raise going-concern concerns despite the recent rights issue. The weak operating performance is likely to weigh negatively on the stock and on shareholder confidence in the near term.