The board of directors of Galada Power and Telecommunication Ltd approved the unaudited financial results for the quarter ended June 30, 2026 (Q1FY27), on August 13, 2026. The meeting commenced at 10:00 am and concluded at 11:45 am. The company reported a net loss of ₹14.43 lakh for the period, an improvement from the ₹16.00 lakh loss recorded in the preceding quarter (Q4FY26). The Hyderabad-based manufacturer generated zero revenue from its core operations, with total revenue for the period limited to ₹0.31 lakh derived entirely from other income.

In its communication to the Bombay Stock Exchange, the company certified that there were no material events to be reported under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations for the quarter ended June 30, 2026. The results were uploaded within the stipulated time following the board meeting.

Financial Performance Details

Galada Power’s total expenses stood at ₹14.74 lakh, driven primarily by other expenses of ₹10.61 lakh and employee benefits of ₹4.03 lakh. Depreciation and amortization expenses amounted to ₹0.10 lakh. Consequently, the profit before tax was a deficit of ₹14.43 lakh, which flowed through to the bottom line as no tax expense was incurred during the period.

The reduction in the quarterly loss from ₹16.00 lakh to ₹14.43 lakh was primarily driven by a decrease in total expenses by ₹4.26 lakh, rather than any growth in revenue. Other income fell sharply from ₹5.00 lakh in Q4FY26 to ₹0.31 lakh in the current quarter, underscoring the lack of recurring operational cash flows.

Auditor Emphasis on Going Concern

Independent auditors Brahmayya & Co issued an unmodified review report but included an emphasis of matter regarding the company’s financial position. The auditors noted that the financial statements were prepared on a going concern basis despite the absence of operational activities and a negative net worth as of the reporting date. The company stated it is pursuing another object permitted by its memorandum to revive operations.

Operational Status and Asset Disposal

Galada Power disclosed that it is in the process of reviving and revamping its manufacturing facilities. To partially finance this revamping, the company sold land and buildings situated in Silvassa. The firm has disposed of or written off most redundant plant and equipment, with remaining assets shown as held for sale at book values.

The company also noted a balance of ₹126.37 lakh in GST input accounts, expressing the opinion that these amounts will be utilizable. This position is scheduled for review at the year-end.

What the Numbers Show

The divergence between the company’s zero operational revenue and its continued expenditure highlights the transitional nature of its current business phase. With ₹10.61 lakh in other expenses constituting approximately 72% of total outflows, the cost structure is dominated by non-operational overheads rather than production costs. This aligns with the disclosure that most plant and equipment have been written off or held for sale, indicating that the remaining expenses are likely associated with administrative upkeep and the revival strategy rather than active manufacturing.

Galada Power and Telecommunication Ltd released its audited financial results for the quarter and year ended March 31, 2026, as submitted to the Bombay Stock Exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors approved the results at their meeting held on May 09, 2026, in Bengaluru, which commenced at 10:00 AM and concluded at 12:30 PM. Auditors Brahmayya & Co., Chartered Accountants, Hyderabad, issued an unmodified report on the financials, with no adverse remarks noted. In a separate filing under Regulation 30 of LODR, CFO V. Subramanian certified that there were no material events to be reported for the quarter and year ended March 31, 2026.

Full-Year Financial Performance

For the year ended March 31, 2026, the company reported a net profit of ₹1,216.00 lakhs, a significant improvement compared to ₹36.00 lakhs in the year ended March 31, 2025. This turnaround was primarily driven by an exceptional item — profit on sale of fixed assets — amounting to ₹1,309.00 lakhs, against ₹143.00 lakhs in the prior year. The company recorded no revenue from operations for either year, with total income comprising solely other income of ₹8.00 lakhs in FY26 versus ₹4.00 lakhs in FY25.

The following table summarises the key financial metrics for the full year:

Quarterly Performance

For the quarter ended March 31, 2026, the company reported a net loss of ₹16.00 lakhs, compared to a net profit of ₹34.00 lakhs in the quarter ended March 31, 2025. Other income for the quarter stood at ₹5.00 lakhs, while total expenses were ₹19.00 lakhs. No exceptional income was recorded in the quarter ended March 31, 2026, unlike the corresponding quarter of the prior year which had an exceptional gain of ₹51.00 lakhs. Basic and diluted earnings per share for the quarter were ₹(0.17), against ₹0.39 in the same quarter of the previous year.

Balance Sheet Highlights

As at March 31, 2026, the company's total assets stood at ₹341.00 lakhs, compared to ₹694.00 lakhs as at March 31, 2025. Non-current assets, comprising property, plant and equipment, declined to ₹41.00 lakhs from ₹477.00 lakhs, reflecting the disposal of fixed assets during the year. Total current assets increased to ₹300.00 lakhs from ₹217.00 lakhs, with cash and cash equivalents rising to ₹38.00 lakhs from ₹13.00 lakhs. On the liabilities side, current borrowings reduced substantially to ₹900.00 lakhs from ₹2,463.00 lakhs, following repayment of ₹1,563.00 lakhs during the year. Total equity remained negative at ₹(578.00) lakhs, an improvement from ₹(1,794.00) lakhs in the prior year.

Cash Flow Summary

The company's cash flow statement for the year ended March 31, 2026 reflects net cash used in operating activities of ₹(124.00) lakhs, compared to ₹(120.00) lakhs in the prior year. Net cash from investing activities was ₹1,712.00 lakhs, primarily from proceeds from the sale of fixed assets. Net cash used in financing activities was ₹(1,563.00) lakhs, reflecting repayment of borrowings. As a result, net cash and cash equivalents increased by ₹25.00 lakhs during the year, closing at ₹38.00 lakhs.

Key Notes and Corporate Developments

Several notable disclosures accompanied the financial results:

• An NCLT order dated May 25, 2023 approved the Resolution Plan submitted by M/s Amrutha Constructions Private Limited, Bengaluru. The plan has been fully implemented, and the company received the final NCLT order on September 10, 2024.
• The company sold land and buildings situated at Silvassa to part-finance the revamping of its manufacturing facilities. During the second quarter, most redundant plant and equipment was disposed of or written off, with the remaining equipment shown as held for sale at book values.
• Despite negative net worth and no operations, the financial statements are prepared on a going concern basis, as the company is in a revival process as per the approved plan.
• The company holds a GST input account balance of ₹126.92 lakhs, which it expects to utilise.
• Paid-up equity share capital stands at ₹886.32 lakhs (face value ₹10/- per share).
• No segmental reporting is required, as the company is exclusively engaged in the manufacture of conductors and related products.
• CFO V. Subramanian certified, via a Regulation 30 filing, that no material events were required to be reported for the quarter and year ended March 31, 2026.