To Consider and Approve Financial Results for the First Quarter ended on 30.06.2025.
Awaiting price reaction for this filing.
IMP Powers Ltd announced unaudited Q1 FY26 (quarter ended June 30, 2025) financial results. Consolidated revenue from operations rose to Rs. 171.18 lakhs from Rs. 0.18 lakhs a year ago, but the company reported a consolidated net loss of Rs. 200.33 lakhs (standalone loss of Rs. 198.70 lakhs) versus a profit of Rs. 10.65 lakhs in Q1 FY25. Loss per share stood at Rs. (2.32). The auditor (BJS and Associates) issued a 'Qualified Opinion' flagging unconfirmed trade receivables, pending tax reconciliations, and absence of impairment testing despite ongoing financial losses. The Board also appointed Mr. Mahendra Prajapati as CFO and Mr. Naveen Kumar Singh as Whole-Time Director, approved shifting the registered office to Ahmedabad, reclassified share capital, and sought shareholder approval to raise borrowing limits. The company was recently sold as a going concern under IBC resolution for Rs. 78 crore.
Shareholders should note the deep quarterly loss and qualified auditor opinion, which raise concerns about asset valuations and pending reconciliations. However, the new management post-IBC takeover and fresh borrowing capacity could support a business turnaround, making the stock high-risk and speculative.