Touchwood Entertainment's half-year results (HY25) show Total Comprehensive Income After Tax rose to ₹1.62 Cr from ₹0.57 Cr YoY. Operating cash flow, however, worsened significantly to an outflow of ₹3.88 Cr from ₹0.86 Cr. Investing activities saw increased outflows of ₹6.15 Cr, driven by asset purchases and listed share investments. Financing cash flow turned positive at ₹2.53 Cr, mainly due to increased borrowings. Cash & equivalents declined to ₹9.74 Cr. The company also reported a deviation in the utilization of ₹14.28 Cr raised via a preferential issue, with objects modified after shareholder approval. A notable ₹5.10 Cr from unexercised warrants was forfeited. The financial momentum appears mixed with improved comprehensive income but significant cash burn.