Un-audited Financial Results for quarter and half year ended 30/09/2025
Awaiting price reaction for this filing.
Union Quality Plastics Ltd reported zero revenue from operations for Q2 FY26 and H1 FY26, compared to some operating activity in the prior period. The company posted a net loss of Rs 2.95 lakhs for the quarter and Rs 5.58 lakhs for the half year, driven by employee costs and other expenses against negligible other income. Net worth has turned deeply negative (Other Equity at Rs -861.86 lakhs), and the auditor flagged a going concern uncertainty given accumulated losses, eroded net worth, net cash losses, and current liabilities exceeding current assets. The auditor also issued a qualified review report, citing unrecovered old receivables of Rs 284.58 lakhs, slow-moving inventory of Rs 158.06 lakhs with no NRV check, and unconfirmed old payables of Rs 370.73 lakhs. Operating cash flow was negative at Rs -15.23 lakhs for H1.
This is a deeply negative filing for shareholders — the company has effectively stopped generating operating revenue, is loss-making, and its net worth is fully eroded. The auditor's explicit going concern warning and qualified opinion signal serious financial distress, making this stock high-risk for retail investors.