We wish to inform your esteemed organisation that the Company has inter-alia considered and approved the Un-audited Financial Results for the half year ended 30th September 2025 alongwith ....
Awaiting price reaction for this filing.
Mipco Seamless Rings reported revenue of Rs. 54.58 lakhs for Q2 FY26 (ended September 2025), compared to zero revenue in the same quarter last year and in Q1 FY26, suggesting a restart or revival of operations. The company posted a profit before tax of Rs. 4.24 lakhs in Q2 FY26 versus a loss of Rs. 8.34 lakhs in Q1 FY26. However, for the half-year, the company is still in the red with a loss of Rs. 4.10 lakhs (vs loss of Rs. 10.86 lakhs in H1 FY25). Earnings per share for H1 FY26 stood at Rs. (0.11). The auditor (PPKG & Co.) issued an unmodified limited review report.
Shareholders may find some relief as revenue has resumed after a long dry spell and quarterly profitability returned in Q2. However, the company's net worth remains deeply negative at Rs. (132.57) lakhs with accumulated losses of Rs. 691.05 lakhs against share capital of Rs. 558.48 lakhs, signalling serious balance sheet weakness and very high financial risk despite the operational turnaround.