Progrex Ventures reports Net Loss of -550.650 Lakhs in Q2 FY27
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 12 Nov 2026, 06:51 PM IST · BSE ID: b3f363a9-022e-4b59-8b27-bfd33ad6f6b5
View Original BSE Filing (PDF)
💡
In Simple Terms
Progrex Ventures reported a net loss of -550.650 Lakhs for the quarter, with no revenue from its main business activities.
🤖 AI Summary
- Progrex Ventures Limited reported a net loss of -550.650 Lakhs for Q2 FY27 (quarter ended September 30, 2026).
- Revenue from operations was 0.000 Lakhs for the quarter ended September 30, 2026.
- Total expenses for Q2 FY27 amounted to 9.930 Lakhs, including 540.720 Lakhs in exceptional items.
- The company recorded 'No Major Activity' and 'No Business Activitis during this quarter'.
- Other income for the quarter ended September 30, 2026, was 0.000 Lakhs.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Revenue from operations (Q2 FY27)
0.000 Lakhs
Not comparable — limited prior period data.
Other income (Q2 FY27)
0.000 Lakhs
Total expenses (Q2 FY27)
9.930 Lakhs
Exceptional items (Q2 FY27)
540.720 Lakhs
Net Profit/Loss for the period (Q2 FY27)
-550.650 Lakhs
Not comparable — limited prior period data.
Total Equity (as of 30 Sep 2026)
151.59 Lakhs
🏢 How This Affects the Company
The company recorded zero revenue from operations and explicitly stated 'No Major Activity' and 'No Business Activitis during this quarter', indicating a lack of core business engagement.
The company incurred a significant net loss of -550.650 Lakhs for Q2 FY27, largely influenced by 540.720 Lakhs in exceptional items. Total equity attributable to owners decreased from 719.15 Lakhs on March 31, 2026, to 151.59 Lakhs on September 30, 2026.
The filing notes 'No Major Activity' for the segment reporting and 'No Business Activitis during this quarter', suggesting minimal operational footprint.
The substantial net loss and absence of operational revenue increase financial risk, particularly in sustaining operations without core business activity. The decrease in total equity further highlights financial pressure.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the reported net loss of -550.650 Lakhs for Q2 FY27 and the significant reduction in Total Equity to 151.59 Lakhs from 719.15 Lakhs as of March 31, 2026.
🔍
Management Signal
The financial results indicate management is navigating a period with no business activities, as explicitly stated in the filing, and recorded exceptional items.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 results — monitor for any reported revenue from operations.
Future filings — look for updates on 'No Major Activity' status.
Review of exceptional items — check for recurring nature in subsequent reports.
HIGH RISK
Zero operational revenue and substantial net losses, coupled with explicit 'No Business Activity' note, represent high financial risk.
💡 Investor Takeaway
Progrex Ventures reported a net loss of -550.650 Lakhs for Q2 FY27, with revenue from operations at 0.000 Lakhs. Exceptional items contributed 540.720 Lakhs to expenses. The company confirmed 'No Business Activitis during this quarter'.
⚖️ Strengths & Concerns
⚠️ Concerns
- Progrex Ventures reported zero revenue from operations (0.000 Lakhs) for the quarter and half-year ended September 30, 2026.
- The company posted a significant net loss of -550.650 Lakhs for the quarter and -567.560 Lakhs for the half-year ended September 30, 2026.
📅 Company Track Record
Progrex Ventures Limited (formerly Progressive Extractions & Exports Limited) reported a net loss of (14,38,821) Rs. for FY26 with minimal revenue, as per a May 13, 2026 filing. The current results continue this trend of minimal or no operational revenue and reported losses.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Progrex Ventures' net profit/loss for Q2 FY27?
Progrex Ventures reported a net loss of -550.650 Lakhs for the quarter ended September 30, 2026 (Q2 FY27).
Did Progrex Ventures generate revenue from operations in Q2 FY27?
No, Progrex Ventures reported 0.000 Lakhs in revenue from operations for Q2 FY27 (quarter ended September 30, 2026).
What were the total expenses for Progrex Ventures in Q2 FY27?
Total expenses for Progrex Ventures were 9.930 Lakhs for the quarter ended September 30, 2026, including exceptional items of 540.720 Lakhs.
What was the Total Equity of Progrex Ventures as of September 30, 2026?
As of September 30, 2026, the Total Equity attributable to owners of Progrex Ventures was 151.59 Lakhs, down from 719.15 Lakhs as of March 31, 2026.
Questions based on this BSE filing only. For information purposes.