Arshiya Limited — Results, 19-05-2026: Integrated Filing- Financial

Arshiya Limited, under CIRP, reported standalone Q2 FY25 revenue of ₹3.61 Cr (down 25% YoY) and H1 revenue of ₹5.71 Cr (down 17% YoY). While Q2 saw a net profit of ₹0.75 Cr (a turnaround from ₹329.25 Cr loss YoY), H1 incurred a net loss of ₹96.85 Cr (vs ₹102.14 Cr YoY). This H1 loss factors in a ₹966.24 Cr exceptional loan liability from CIRP claims, and finance costs were artificially lower due to a CIRP moratorium. Auditors issued a "Disclaimer of Conclusion" citing critical issues like unvalued guarantees, asset impairments, and severe operational disruptions. The results reflect extremely weak financial momentum given the significant audit disclaimers and ongoing CIRP.