Latest news about Waterbase
Waterbase
49.21
+2.89(+6.24%)
Company Performance:
View Company Insights1D+6.24%
1M+4.46%
6M+4.46%
1Y+4.46%
5Y-57.41%
More news about Waterbase
02Apr 26
The Waterbase Limited Announces Leadership Realignment with New MD and CEO Appointments
The Waterbase Limited has successfully implemented its leadership realignment with Mr. Ramakanth V. Akula assuming the role of Managing Director and Mr. Chola Varma Alluri taking charge as Chief Executive Officer, both effective April 1, 2026. The appointments follow the Board's earlier approval on February 12, 2026, and the company has fulfilled all regulatory disclosure requirements under SEBI regulations for these senior management changes.
18Nov 25
Waterbase Limited Faces Credit Rating Downgrade Amid Financial Challenges
CARE Ratings has downgraded Waterbase Limited's credit rating due to ongoing financial challenges. Long-term and short-term bank facilities ratings were lowered from CARE BBB; Stable/CARE A3+ to CARE BBB-; Stable/CARE A3. The company reported cash losses, declining capacity utilization in shrimp feed unit, increased debt, and reduced liquidity. Despite challenges, Waterbase is diversifying revenue streams through processed shrimp, farm care products, and frozen seafood. The outlook remains 'Stable' due to strong leverage position and potential support from the KCT group.
05Nov 25
Waterbase Limited Reports Q2FY26 Loss Amid Challenging Market Conditions
Waterbase Limited announced financial results for Q2FY26, reporting a total income of ₹81.90 crore and a loss after tax of ₹5.40 crore. The company faced challenges due to extended monsoon conditions, disease outbreaks in aquaculture regions, US tariff uncertainty, and market access limitations. While the export business maintained growth, feed sales were subdued. The management remains cautiously optimistic about the medium-term outlook, focusing on building resilience and driving efficiencies.
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