Unaudited financial results of the company for the quarter ended 30th June 2025
Awaiting price reaction for this filing.
India Radiators Limited reported a net loss of Rs. 58.45 lakhs for Q1 FY26, wider than the Rs. 17.64 lakh loss in the same quarter last year and the Rs. 36.08 lakh loss in Q4 FY25. Total income was just Rs. 1.60 lakhs, essentially flat year-on-year, while total expenses surged to Rs. 65.25 lakhs from Rs. 24.13 lakhs a year ago, driven mainly by a sharp rise in 'other expenses' to Rs. 44.46 lakhs and finance costs of Rs. 20.79 lakhs. Loss per share widened to Rs. 6.49 from Rs. 1.96. The company's reserves remain negative at Rs. (127.03) lakhs, and the statutory auditor (DPY & Associates) issued a clean limited review report with no qualifications. The board also approved the 75th AGM for 24 September 2025 and appointed new secretarial and internal auditors.
The sharply widening quarterly loss, negligible revenue, and negative reserves raise serious going-concern concerns for shareholders. Existing investors face continued value erosion, and the stock may remain under pressure until the company demonstrates a credible path to operational viability.