Cityman Limited reported a net loss of ₹7.59 crore for the quarter ended June 30, 2026, narrowing slightly from the ₹7.66 crore loss recorded in the same period of the previous fiscal year. The Bengaluru-based company continued to generate zero revenue from operations, indicating a lack of core business activity during the period.

The Board of Directors approved the unaudited financial results on August 13, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and accompanied by a limited review report from statutory auditors NSVM & Associates.

Financial Performance

The company’s total expenses for the quarter stood at ₹7.59 crore, down from ₹9.29 crore in the preceding quarter (Q4FY26) and marginally lower than the ₹7.66 crore reported in Q1FY26. With no income from operations or other sources, the entire expense burden translated directly into the bottom-line loss.

Employee benefit expenses accounted for ₹4.48 crore, representing approximately 59% of total costs, while other expenses contributed ₹3.09 crore. Depreciation and amortization remained minimal at ₹0.02 crore. Compared to the previous quarter, the reduction in losses was primarily driven by a decline in employee benefit expenses from ₹5.41 crore to ₹4.48 crore and other expenses falling from ₹3.86 crore to ₹3.09 crore.

What the Numbers Show

The absence of any revenue from operations highlights that Cityman Limited is currently not engaged in active commercial trading or service provision. The cost structure is dominated by fixed overheads, particularly employee benefits, which suggests the company is maintaining its organizational setup despite the lack of income generation. The slight YoY improvement in the loss figure is attributable to modest cost containment rather than any operational turnaround.

Auditor Review

NSVM & Associates, the statutory auditors, issued a limited review report stating that nothing came to their attention to cause them to believe the unaudited results contained material misstatements. The financials were prepared in accordance with Ind AS 34 and other generally accepted accounting principles in India.

Cityman Limited operates in a single segment. The paid-up share capital remains unchanged at ₹1,170.11 crore. Earnings per share (basic and diluted) stood at ₹(0.06) for the quarter.

Cityman Limited reported a net loss of ₹33.38 lakh for the financial year ended March 31, 2026, widening from a loss of ₹31.48 lakh in the previous year. The company recorded zero revenue from operations for both the quarter and the full year, while total expenses rose to ₹33.38 lakh in FY26 from ₹31.48 lakh in FY25. The statutory auditors, NSVM & Associates, issued an unmodified opinion on the standalone audited financial results approved by the Board on May 28, 2026.

The company’s financial performance was impacted by employee benefit expenses, which increased to ₹17.65 lakh in FY26 from ₹16.03 lakh in the previous year. Other expenditure also rose to ₹15.66 lakh from ₹15.39 lakh year-on-year. Depreciation and amortization costs remained marginal at ₹0.07 lakh for the year. The basic and diluted earnings per share (EPS) stood at a loss of ₹0.29 for FY26, compared to a loss of ₹0.27 in FY25.

Financial Performance

The statement of audited financial results highlights the company's continued operational challenges with no income generated from core business activities. The total comprehensive loss for the period, which includes other comprehensive income, was reported at ₹40.18 lakh for FY26, compared to ₹31.48 lakh in the previous year.

Balance Sheet and Cash Flows

The balance sheet as of March 31, 2026, shows total assets at ₹752.81 lakh, a slight decrease from ₹753.18 lakh in the prior year. The company’s equity deficit widened to ₹697.16 lakh from ₹656.98 lakh. Non-current liabilities, primarily borrowings, increased to ₹1447.35 lakh from ₹1407.13 lakh. Current liabilities decreased to ₹2.62 lakh from ₹3.03 lakh.

Cash flow from operating activities resulted in a net outflow of ₹33.48 lakh during the year. The company relied on financing activities, generating a net inflow of ₹33.23 lakh through proceeds from long-term borrowings. Cash and cash equivalents at the end of the year stood at ₹0.83 lakh, down from ₹1.08 lakh in the previous year.