Announced Fri, 14 Aug · 17:17 IST
Q1 FY27 results; auditor flags bad debt recovery, CIRP delays, related party deals
Going ConcernEmphasis Of MatterRelated Party TransactionsPat Growth 25pctAuditor Mid Year ChangeResults View source PDFExplain this filing
Price
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Price reaction · full curve 14 horizons · vs prior close
-2.1%1-day move
₹70.90
prior close
₹67.37
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.0-0.0-0.0-2.1-1.4+0.1+3.0+0.8+0.8-4.9-6.9——
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AI summary
Q1 FY27 revenue Rs 2,476 lakh vs Rs 2,267 lakh. PAT Rs 55.46 lakh vs Rs 4.74 lakh, but auditor flags Rs 53 lakh as non-recurring bad debt recovery, not core operations. Auditor raised going concern assumption, delayed CIRP instalments (Rs 14 cr plus Rs 7.5 cr pending NCLT), and related party concentration: 58.69% of sales and 50.24% of purchases with Maina International. New internal and cost auditor appointed for FY27. QIP of Rs 7 cr completed.
Likely market impact
Profit inflated by one-time bad debt recovery. CIRP instalment delays pending NCLT. High related party exposure remains a concern.