Unaudited Financial Results For Quarter Ended Sep 30 2025 along with Limited Review Report.
Awaiting price reaction for this filing.
Hemadri Cements, which stopped manufacturing operations in August 2024 after sustained losses since FY 2022-23, has filed its Q2/H1 FY26 results. The Board on June 18, 2025 decided to initiate voluntary liquidation under the IBC, and shareholders approved this on July 14, 2025; a liquidator has since been appointed and asset valuation is underway. Revenue from operations fell to zero in Q2 FY26 (from Rs 141.66 lakhs in Q1 FY26 and Rs 794.62 lakhs in Q2 FY25), while total income for H1 FY26 collapsed ~92% to Rs 63.20 lakhs from Rs 839.11 lakhs a year earlier. The company reported a net loss of Rs 181.48 lakhs for the quarter and Rs 468.04 lakhs for H1 FY26, an improvement from Rs 281.29 lakhs and Rs 1,321.41 lakhs respectively in the prior-year periods. The auditor flagged an Emphasis of Matter regarding the going concern assumption and the liquidation process, noting the management believes realisable asset value will exceed liabilities.
This is a distressed, terminally declining company under voluntary liquidation with negative shareholders' equity of Rs 848.46 lakhs and Rs 2,947 lakhs in borrowings, leaving little realistic prospect of value recovery for equity shareholders. The stock is effectively in run-down mode pending the outcome of the liquidator's asset valuation and distribution.