The Unaudited Financial Result along with the Limited Review Report for the Quarter Ended 30th September 2025.
Awaiting price reaction for this filing.
I-Power Solutions India Ltd reported nil revenue from operations for Q2 FY26, with total income of just Rs. 7.30 lakhs from other sources. The company posted a standalone loss after tax of Rs. 14.43 lakhs for the quarter, against a loss of Rs. 6.84 lakhs in Q2 FY25. For the half-year (H1 FY26), the company swung to a profit after tax of Rs. 13.94 lakhs versus a loss of Rs. 5.79 lakhs a year ago, but this was entirely due to a one-time extraordinary gain of Rs. 22.04 lakhs from the sale of developed software booked in Q1 FY26. Operating cash flow was deeply negative at Rs. (155.51) lakhs for the period. On the balance sheet, the company raised fresh equity of Rs. 145 lakhs (share capital up from Rs. 444.90 to Rs. 589.90 lakhs), slashed long-term borrowings from Rs. 213.91 lakhs to Rs. 4.42 lakhs, and turned its other equity positive at Rs. 62.18 lakhs.
The company remains a shell-like entity with no core operating revenue and persistent operational losses, making profitability heavily dependent on one-off gains. The negative operating cash flow and absence of business income raise sustainability concerns for shareholders, though the equity infusion and debt reduction have temporarily improved the balance sheet. Stock may remain thinly traded and speculative.