Galada Power Releases Un-audited Financial Results for Quarter Ended June 30, 2026
Galada Power and Telecommunication Ltd has released its un-audited financial results, which cover the quarter ending June 30, 2026. The company's results were subjected to a "Limited Review" by auditors, who reported that nothing had come to their attention that suggested a material misstatement in the statements prepared in accordance with Indian Accounting Standards (IndAS).The financial performance details for Galada Power and Telecommunication Ltd are presented below, with figures stated in Lakhs.
| Financial Metric | Value (Lakhs) |
|---|---|
| Cost of Materials consumed | 2.00 |
| Purchase of stock-in-trade | 6.00 |
| Changes in inventories of finished goods, work-in-progress | 3.00 |
| Employee benefits expense | 20.00 |
| Finance Costs | 3.00 |
| Depreciation and amortisation | 75.00 |
| Profit before exceptional and extraordinary items and tax | 1,250.00 |
| Extraordinary items | 7,224-0O |
| Profit before tax | 1,276.00 |
| Profit attributable to Shareholders of the Company | 886.32 |
| Earnings per Share (Basic) | 13.81 |
Operational and Corporate Updates
The company provided several insights regarding its operational status and corporate structure during the reporting period. Management reported that manufacturing facilities are currently in the process of being revived and revamped. To finance this revamping, Galada Power sold land and buildings situated at Silvassa. The management indicated that, based on a legal opinion, members' approval for such a sale was not necessary under Section LBO(1)(a) of the Companies Act, 2013.The company has also disposed of or written off most of its redundant plant and equipment, with the remainder being shown as held for sale at their book values.
In terms of internal compliance and corporate governance:
- Galada Power and Telecommunication Ltd received the final NCLT order on September 10, 2024, pertaining to a Resolution plan that was approved by an NCLT order dated May 25, 2023, submitted by M/s Amrutha constructions Private Limited.
- The company confirmed that it is in the process of reviving and revamping its manufacturing facilities.
- The board reviewed the accounts and took on record the Un-audited Financial Results (Reviewed) for the Quarter ended 30th June 2026, with Ms. K Ramalakshmi authorized to sign the results on behalf of the Board.
The company noted that it is of the opinion that the balance lying in GST input accounts, which aggregates to 126'37 lakhs, will be able to utilize and this situation will be reviewed at the year-end.
Stock Price Movement
Galada Power & Telecommunication Ltd. shares are ticking up at ₹15.54, gaining +1.97% as of 12:08. The stock is trading completely flat, with its intraday high and low locked precisely at ₹15.54.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.