The Un-audited Financial results of the Company along with Limited Review Report for the Quarter ended 30th September, 2025.
Awaiting price reaction for this filing.
GV Films' Board approved unaudited results for Q2 FY26 (standalone) showing revenue of ₹30 lakhs and a small net profit of ₹1.16 lakhs, while H1 FY26 standalone posted a profit of ₹20.58 lakhs vs a loss of ₹89.52 lakhs in H1 FY25 — a clear turnaround, though other income (₹152.50 lakhs) drove most of the recovery. On a consolidated basis, the company still reported a loss of ₹4.51 lakhs for the quarter and ₹26.36 lakhs for the half-year, with subsidiary GV Studio City adding to losses. The auditor (A. John Moris & Co.) issued a qualified opinion flagging unrecognised gratuity liability (Ind AS 19), inability to verify FCCB documents and balances, and non-provisioning of a ₹16.85 lakh TDS demand. The company acknowledged 'significant revenue decline for the past four years' but maintained it still has a positive net worth and is pursuing expansion, cost cuts and fresh equity infusion. Multiple legacy disputes continue: SEBI penalties and a Supreme Court case, an Income Tax demand of ₹1,204 lakhs for AY 2016-17, a ₹341.80 lakh GST demand, and a pending FEMA show-cause notice. The MCA has extended the AGM deadline to 1 December 2025.
Retail investors should treat this as a high-risk, micro-cap situation: operations are barely profitable on a standalone basis, the consolidated entity is loss-making, the auditor's qualified opinion flags weak controls, and several large tax/regulatory contingencies are unresolved. The legacy disputes, prior SEBI penalties, and FCCB verification gap are serious red flags, even though management is attempting a strategic revival.