Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we ....
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The board approved unaudited results for Q2 FY26 showing revenue from operations of Rs 993.77 lakhs (down from Rs 1,085.09 lakhs in Q2 FY25, an ~8.4% decline) and net profit of Rs 117.38 lakhs (vs Rs 138.02 lakhs YoY). For H1 FY26, revenue was Rs 1,753.11 lakhs vs Rs 1,848.31 lakhs in H1 FY25 (~5.2% decline), while net profit was Rs 187.55 lakhs vs Rs 185.34 lakhs (broadly flat). The auditor's limited review report flagged a 'Material Uncertainty Related to Going Concern', noting that despite net worth turning positive as of March 31, 2025, accumulated historical losses and need to prove sustained profitability remain concerns. Promoters have reiterated support for temporary cash flow needs. Operating cash flow was sharply negative at Rs (269.59) lakhs for H1 FY26, against a positive Rs 567.18 lakhs for full-year FY25, and total borrowings rose to ~Rs 1,406 lakhs from ~Rs 653 lakhs at March 2025.
Mixed-to-cautious picture for shareholders. While headline profitability continues, revenue is declining year-on-year, operations are burning cash (negative operating cash flow) funded by fresh borrowings that have more than doubled, and the auditor has formally flagged a going-concern material uncertainty tied to past accumulated losses. This signals elevated financial risk despite near-term profit reporting.