Outcome of Board Meeting held on 12-11-2025
Price
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Awaiting price reaction for this filing.
Tulsyan NEC's Board approved unaudited standalone and consolidated results for Q2 and H1 FY26 (ended September 30, 2025). Standalone Q2 revenue rose about 19% year-on-year to Rs. 21,472.85 lakhs, but the company slipped into a wider net loss of Rs. 592.85 lakhs compared with a loss of Rs. 476.61 lakhs in the year-ago quarter. For H1 FY26, standalone revenue was nearly flat at Rs. 44,768.55 lakhs, while the net loss expanded sharply to Rs. 1,693.20 lakhs from Rs. 437.34 lakhs a year earlier, translating to a loss per share of Rs. 10.29. Finance costs nearly doubled year-on-year to Rs. 3,386.22 lakhs, weighing on profitability. Standalone operating cash flow for H1 turned negative at Rs. 201.18 lakhs, and the Steel Division continues to show negative capital employed, indicating liabilities exceeding assets in that segment. Auditor CNGSN & Associates LLP issued an unmodified limited review report with no qualifications.
Persistent losses, rising finance costs, and negative operating cash flow at the standalone level are negative signals for shareholders, suggesting continued pressure on profitability despite modest top-line growth. The stock may remain under pressure until the company demonstrates a path back to profitability and improvement in its cash generation.