Unaudited financial results of the Company for the 2nd Quarter (Q2) and half year (H1) ended September 30, 2025
Awaiting price reaction for this filing.
Sir Shadi Lal Enterprises reported Q2 FY26 revenue from operations of Rs 95.46 crore, sharply higher than Rs 22.60 crore in Q2 FY25, driven by the sugar segment. For H1 FY26, revenue rose about 58% YoY to Rs 188.31 crore versus Rs 118.97 crore in H1 FY25. However, the company continued to post losses, with a Q2 loss after tax of Rs 12.24 crore (vs Rs 8.45 crore loss) and H1 loss of Rs 18.71 crore, though narrower than the H1 FY25 loss of Rs 42.04 crore. Other equity is deeply negative at about Rs (233) crore and total borrowings stand at roughly Rs 361 crore. The auditor flagged going concern uncertainty, noting reliance on financial and technical support from holding company Triveni Engineering & Industries (TEIL). A pending amalgamation scheme with TEIL awaits NCLT and shareholder/creditor approvals, with meetings scheduled for November 30, 2025.
Short-term shareholders remain exposed to continued losses, negative net worth, and a debt pile far exceeding equity, but the proposed amalgamation into TEIL could be a key catalyst if approved. Stock may see sharp moves around the November 30 scheme meeting and NCLT verdict.