The Un-Audited Financial Results (Both Standalone and Consolidated) of the Company for the third quarter and nine months ended on December 31, 2025 (copies attached), pursuant to Regulation ....
Awaiting price reaction for this filing.
The Board of IMP Powers approved unaudited standalone and consolidated financial results for Q3 FY26 and the nine months ended December 31, 2025. On a standalone basis, the company posted a net loss of Rs. 630.78 lakhs for 9M FY26, significantly wider than the Rs. 384.98 lakhs loss in the corresponding prior-year period, with total income falling to Rs. 524.95 lakhs from Rs. 757.70 lakhs year-on-year. Consolidated 9M net loss also widened to Rs. 632.65 lakhs from Rs. 386.85 lakhs. The company recently emerged from the IBC liquidation process, having been sold to a successful bidder on a going-concern basis in November 2024, with new management taking charge and the MCA moving its status from 'Under Liquidation' to 'ACTIVE' in July 2025. Manufacturing operations only recommenced during the current quarter. The statutory auditor issued a qualified opinion on both sets of results, flagging unreconciled trade receivables and balances, a failure to perform impairment testing despite ongoing losses, and an inventory-valuation gap where direct labour and manufacturing overheads were not allocated to inventory.
A strongly negative filing for shareholders. The qualified auditor opinion signals serious accounting and control weaknesses, losses are widening, revenue is contracting year-on-year, and the company still carries a deeply negative net worth of approximately Rs. 27,000 lakhs. The fresh start under new ownership and the restart of manufacturing offer a small positive, but investors should view this as a high-risk situation until the audit qualifications are cleared and operations turn profitable.