Modipon Limited has announced its unaudited financial results for the second quarter and half-year ended September 30, 2026. The company reported a net loss of ₹21.18 lakhs for the quarter and a net loss of ₹34.60 lakhs for the half-year. The results also highlight significant liabilities and ongoing legal matters that could impact the company’s financial stability.
Modipon Limited Announces Q2 FY27 Financial Results
Modipon Limited disclosed its unaudited financial results for the quarter and half-year ending September 30, 2026. The company reported a net loss of ₹21.18 lakhs for the quarter, a notable decrease from the previous year’s performance. For the half-year ended September 30, 2026, the company incurred a net loss of ₹34.60 lakhs.
Key Financial Highlights
The statement of profit and loss reveals that the total income for the quarter was ₹-21.18 lakhs, reflecting a challenging operational period. Total expenses for the quarter amounted to ₹13.42 lakhs, leading to a profit/(loss) before tax of ₹-21.18 lakhs. The balance sheet as of September 30, 2026, shows total assets of ₹770.09 lakhs and total equity and liabilities of ₹770.09 lakhs. The company’s equity section indicates significant accumulated losses.
Notes on Financial Position
The accompanying notes detail several significant financial and legal matters. These include potential unprovided interest on overdue supplier payments, an amount of interest to be provided for in the books for various periods, and details regarding legal proceedings with Punjab National Bank (PNB) related to one-time settlements (OTS) and commercial tax liabilities. The company also faces an order for payment of central excise duty, interest, and penalty from 1994 to 1997. Several matters are sub-judice, with their outcomes not yet ascertainable, potentially impacting future financial results.
Source: BSE
