Submission of Unaudited Financial results of the Company for the quarter and half year ended 30.09.2024.
Awaiting price reaction for this filing.
India Infraspace Ltd reported unaudited financial results for Q2 FY25 (quarter ended 30 September 2024) and H1 FY25, with zero revenue from operations across both standalone and consolidated books. The company's only income was other income of ₹3.88 lakhs standalone and ₹3.33 lakhs consolidated. Standalone loss after tax for the quarter was ₹24.76 lakhs (EPS of ₹-0.88), while the consolidated loss widened sharply to ₹106.18 lakhs (EPS of ₹-3.79) due to high finance costs of ₹77.05 lakhs. On the balance sheet, the company's consolidated shareholders' equity is deeply negative at ₹(489.32) lakhs, with borrowings of ₹495.22 lakhs. The auditor G M CA & Co. issued a clean (unmodified) review report dated 21 May 2025, though the filing is significantly delayed (about 8 months after the quarter-end).
The company appears to be in serious financial distress: zero operating revenue, mounting losses, deeply negative consolidated net worth, and a delayed filing all point to a business that is essentially dormant. Shareholders should view this as a high-risk situation with limited operating visibility, and the stock could see negative pressure on price discovery.