Are Epsom Properties Ltd latest results good or bad?

Epsom Properties Ltd's latest financial results for Q3 FY26 reflect a continuation of its longstanding operational challenges. The company reported a net loss of ₹0.04 crores, consistent with the losses recorded in previous quarters, indicating a pattern of persistent financial underperformance. Revenue remains at zero, as the company has not engaged in any revenue-generating activities across multiple reported periods, highlighting its operational dormancy. The financial data reveals that Epsom Properties has accumulated losses of ₹0.16 crores for the nine months of FY26, matching the total loss for the previous fiscal year. The operating profit before depreciation, interest, and tax (PBDIT) also stands at negative ₹0.04 crores for the quarter, with minimal employee costs being the only operational expense. This lack of revenue generation results in all margins—operating, gross, and net—remaining at 0.0%, underscoring the company's complete inactivity. The balance sheet presents a concerning picture, with negative shareholder equity of ₹2.18 per share, indicating that liabilities exceed assets. This situation is compounded by an increase in long-term debt to ₹1.71 crores, which raises questions about the company's ability to service its liabilities given the absence of operational income. Current assets are limited to ₹0.11 crores, providing little liquidity. In terms of market performance, Epsom Properties has underperformed relative to broader market indices, with a one-year return of just 1.47%, significantly lagging behind the Sensex's gain during the same period. The company's evaluation has seen an adjustment, reflecting the ongoing financial struggles and lack of operational activity. Overall, Epsom Properties Ltd's financial results indicate a company in distress, characterized by zero revenue, negative equity, and a lack of operational revival, raising significant concerns about its future viability.