Unaudited financial results for the quarter and half year ended September 30, 2025
Awaiting price reaction for this filing.
Rathi Graphic Technologies, which emerged from CIRP with new promoters (Surbhika Steels and Daga Infrastructure) taking control in April 2025, reported zero revenue from operations for both Q2 FY26 and H1 FY26, as the company's toner manufacturing business remains temporarily shut pending revival. The company posted a loss of Rs. 29.35 lacs for the quarter and Rs. 58.63 lacs for the half year, translating to a negative EPS of Rs. 4.31. Total expenses were Rs. 58.94 lacs for H1, dominated by finance costs (Rs. 25.09 lacs) and depreciation (Rs. 16.87 lacs). The balance sheet shows total assets of Rs. 900.74 lacs with long-term borrowings of Rs. 823.31 lacs against a thin equity base of Rs. 35.53 lacs, reflecting the post-resolution capital structure after 99% equity was cancelled and extinguished in April 2025.
With no operations and continuous losses funded largely by debt, the company remains a revival play; shareholders face execution risk on whether and when manufacturing resumes, while the negative operating cash flow of Rs. 26.23 lacs underscores ongoing burn without income support.