This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Auditor issues Adverse Opinion on FY26 results, going concern doubt flagged
AHLWEST · price
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Auditor issued Adverse Opinion on FY26 results citing multiple issues. Key concern: Saraf Group advanced Rs 39,000 lakhs with option to acquire Hyatt Regency Mumbai, but Rs 7,845 lakhs interest not recognised. Current liabilities exceed current assets by Rs 42,433 lakhs standalone, raising going concern doubts. Hotel remains shut since June 2021. CIRP closed in Jan 2024 but operations not restarted.
Material uncertainty for shareholders. Hotel shut, CIRP resolved but no restart. Adverse audit and going concern flag raise risk of further erosion.
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Revenue | ₹97.71 Cr | ₹89.28 Cr | +9.4% |
| Operating profit | ₹17.84 Cr | ₹8.88 Cr | +100.8% |
| Profit after tax | ₹14.28 Cr | ₹8.08 Cr | +76.7% |
| EBITDA margin | 40.3% | 38.0% | +2.3 pp |
From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.