Outcome of Board Meeting held on 10th November 2025 for the approval of unaudited standalone & consolidated Financial Results for the Quarter and half year ended 30th September 2025.
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The Board of Directors approved unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025). Standalone revenue from operations fell sharply to Rs. 348.26 lacs in Q2 FY26 from Rs. 803.63 lacs in Q2 FY25, with H1 FY26 revenue at Rs. 799.25 lacs versus Rs. 2,025.81 lacs a year ago. The company reported a standalone loss of Rs. 102.72 lacs for Q2 FY26 (EPS of Rs. -0.55) and a half-year loss of Rs. 89.89 lacs. Consolidated results also showed a loss of Rs. 75.68 lacs before tax for Q2, though narrower than the prior-year loss of Rs. 240.08 lacs. Operating cash flows were negative on a standalone basis (Rs. -166.54 lacs for H1 FY26) and consolidated basis (Rs. -89.76 lacs). The auditor (BKG & Associates) issued an unmodified (clean) review report on both standalone and consolidated results. The company also reported two operating segments at consolidated level — trading and manufacturing (via subsidiary Sudarshan Polyfab).
Sharp revenue contraction of over 55% year-on-year and continued losses highlight weak operational performance, which is likely to weigh negatively on investor sentiment and the stock price. Negative operating cash flows suggest the business is burning cash, raising concerns about near-term financial sustainability despite the clean auditor report.