Unaudited standalone financials results for the quarter and half year ended 30th September 2025 along with limited review report approved by the board of directors at their meeting held ....
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Tulive Developers reported no revenue from operations for Q2 or H1 FY26, with earnings coming entirely from other income of Rs. 17.30 lakhs in H1 FY26 (up from Rs. 9.00 lakhs a year earlier). The company posted a net loss of Rs. 46.43 lakhs for H1 FY26, narrower than the Rs. 60.89 lakh loss in H1 FY25, helped mainly by lower other expenses. Depreciation of Rs. 49.31 lakhs continues to be the dominant cost, and basic EPS for the half year stood at Rs. (2.16) versus Rs. (2.83) earlier. Cash and equivalents collapsed from Rs. 307.88 lakhs in March 2025 to just Rs. 7.64 lakhs in September 2025, driven by a Rs. 305.44 lakh cash outflow from operating activities. The statutory auditor, Dagliya & Co., issued an unqualified limited review report with no qualifications or emphasis of matter.
Shareholders see a mixed picture: losses are shrinking and the balance sheet still carries Rs. 3,540 lakhs of property and Rs. 4,425 lakhs of reserves, but cash has nearly run out and the company continues to generate zero operating revenue, leaving the stock dependent on asset monetisation or a revival in real estate activity.