Unaudited financial results for the quarter and half year ended 30th September 2025 approved by the Board of Directors at the meeting held on 14th November 2025 is attached
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Tulive Developers Limited's board approved unaudited Q2 and H1 FY26 results on 14th November 2025. The company continues to report zero revenue from operations, with only ₹17.30 lakhs in other income for the half-year (up from ₹9.00 lakhs a year ago). The company posted a net loss of ₹46.43 lakhs for H1 FY26, narrower than the ₹60.89 lakhs loss in H1 FY25. Total expenses were ₹64.41 lakhs, dominated by depreciation of ₹49.31 lakhs. Cash and cash equivalents dropped sharply from ₹307.88 lakhs in March 2025 to just ₹7.64 lakhs by end-September 2025, driven by negative operating cash flow and a ₹305.66 lakh increase in other current assets. The statutory auditor (Dagliya & Co.) issued an unmodified limited review report.
Persistent losses with no core operating revenue remain a concern for shareholders, but the half-year loss narrowed year-on-year. The steep drop in cash reserves — from ~₹308 lakhs to under ₹8 lakhs in six months — is the biggest red flag, though total reserves of ₹4,471 lakhs still provide a cushion. EPS for H1 FY26 stands at ₹(2.16), continuing the negative trend.