Outcome of Board Meeting held on 10.11.2025
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Zenith Fibres' board, which met from 12:00 noon to 12:40 p.m. on November 10, 2025, approved the unaudited results for Q2 FY26 and H1 FY26. Revenue from operations fell sharply to ₹934.79 lakh in Q2 FY26 from ₹1,327.97 lakh in Q2 FY25, with H1 FY26 revenue at ₹1,906.81 lakh versus ₹2,359.39 lakh a year earlier. The company slipped into a small net loss of ₹5.78 lakh in Q2 FY26 (EPS ₹(0.15)) compared with a profit of ₹69.46 lakh (EPS ₹1.76) in Q2 FY25, taking H1 FY26 net profit down to ₹32.04 lakh from ₹122.63 lakh. The Manmade Fibre segment posted a loss before tax of ₹104.92 lakh in Q2 (worsening from a ₹30.60 lakh loss in Q2 FY25), while the Wind Mill segment contributed a ₹20.88 lakh profit. Cash flow from operations was negative at ₹(339.09) lakh for H1 FY26, though cash and equivalents stood at ₹1,418.54 lakh. Statutory auditors Surendra Modiani & Associates issued an unmodified limited review report.
Weak set of numbers for shareholders — sharp YoY revenue contraction, a return to quarterly loss, deepening losses in the core Manmade Fibre business, and negative operating cash flow suggest pressure on near-term earnings, though the balance sheet remains net cash positive with healthy reserves.