Athena Constructions narrows net loss to ₹67.38 lakh in FY26
Athena Constructions Limited reported a narrowed net loss of ₹67.38 lakh for FY26, down from ₹74.27 lakh in the previous year, with zero revenue from operations. Total expenditure decreased to ₹36.14 lakh, and finance costs reduced to ₹31.24 lakh. The auditors issued an unmodified opinion on the results.
*this image is generated using AI for illustrative purposes only.
Athena Constructions Limited narrowed its net loss to ₹67.38 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹74.27 lakh in the previous year. The company reported zero revenue from operations for the year, while total expenditure decreased to ₹36.14 lakh from ₹38.22 lakh in FY25. The Board of Directors approved the standalone audited financial results at a meeting held on May 28, 2026.
The company’s financial performance for the year reflects a continued absence of operational income. Total expenditure for FY26 stood at ₹36.14 lakh, down from ₹38.22 lakh in the preceding year. Employee benefit expenses for the year rose to ₹24.19 lakh from ₹16.71 lakh, while depreciation and amortisation expenses increased to ₹0.68 lakh from ₹0.40 lakh. Other expenses were reported at ₹11.26 lakh, a decrease from ₹21.11 lakh in the previous year.
Finance costs for the year amounted to ₹31.24 lakh, lower than the ₹36.53 lakh recorded in FY25. The profit before tax for the year was a loss of ₹67.38 lakh, compared to a loss of ₹74.28 lakh in the previous year. The basic and diluted earnings per share (EPS) for the year improved to a loss of ₹0.90 from a loss of ₹0.99 in the prior year.
The balance sheet as of March 31, 2026, shows total assets of ₹1,695.24 lakh, a decrease from ₹2,056.89 lakh in the previous year. Shareholders' funds stood at ₹585.15 lakh, comprising share capital of ₹750.00 lakh and reserves and surplus of negative ₹164.85 lakh. Non-current liabilities included long-term borrowings of ₹323.03 lakh. Current liabilities included trade payables of ₹23.28 lakh and other current liabilities of ₹763.78 lakh.
The cash flow statement for the year indicates a net increase in cash and cash equivalents of ₹8.62 lakh, bringing the closing balance to ₹9.08 lakh. Cash used in operating activities was ₹73.74 lakh, while cash generated from investing activities was ₹125.36 lakh. Financing activities resulted in a net cash outflow of ₹42.99 lakh. The statutory auditors, M/s JMT & Associates, issued an unmodified opinion on the standalone financial results.
Financial Results for FY26
| Particulars | Year Ended 31-Mar-2026 (₹ in Lakhs) | Year Ended 31-Mar-2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | - | - |
| Total Income | - | 0.47 |
| Total Expenditure | 36.14 | 38.22 |
| Profit/(Loss) before Tax | (67.38) | (74.28) |
| Net Profit/(Loss) for the period | (67.38) | (74.27) |
| Basic & Diluted EPS | (0.90) | (0.99) |
Historical Stock Returns for Athena Constructions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | -6.25% | -5.46% | -52.33% | -24.11% |
What strategic initiatives is the company pursuing to restart revenue generation given the consecutive years of zero operational income?
How does the company plan to manage the significant negative reserves of ₹164.85 lakh and restore shareholder value?
Will the company rely on further asset sales to sustain operations, or is there a timeline for becoming cash-flow positive?
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