Considered and approved the Unaudited financials statement for the quarter and half year ended September 30 2025
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The Board approved unaudited standalone and consolidated results for Q2 and H1 FY26 (ended September 30, 2025). Standalone Q2 revenue rose to ₹353.72 lakhs versus ₹313.82 lakhs in Q1, while H1 revenue grew ~22.6% YoY to ₹667.54 lakhs. However, standalone Q2 PAT fell sharply to ₹53.88 lakhs (vs ₹76.42 lakhs in Q2 FY25), and H1 standalone PAT crashed to just ₹8.56 lakhs versus ₹86.23 lakhs last year. On a consolidated basis, H1 revenue grew ~26.7% to ₹804.22 lakhs but the company slipped into a loss of ₹27.43 lakhs (vs ₹29.81 lakhs profit a year ago) due to weak Q1 and higher costs including finance charges and depreciation. The auditor issued an unmodified opinion but flagged three emphasis-of-matter items: unpaid GST for July 2025 with unfiled returns, non-deposit of PF/PT/TDS statutory dues, and a ₹79.32 lakh bad-debt loss from Goa operations.
Despite healthy top-line growth, profitability has collapsed and the company has slipped into a consolidated loss for H1, while statutory and GST compliance failures plus a large bad-debt write-off raise governance and going-concern red flags — likely negative sentiment for shareholders.