Announced Tue, 11 Aug · 18:26 IST
Q1 FY27 results approved; statutory auditor resigns citing low fees
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Advance Multitech's board on Aug 11, 2026 approved Q1 FY27 results. Net profit jumped to 427.89 lakhs from a loss of 42.05 lakhs year-on-year, driven entirely by other income of 486.72 lakhs as revenue from operations was nil. EPS stood at 10.62. Statutory auditor Suresh R Shah and Associates resigned citing low audit fees, effective Aug 11.
Likely market impact
Profit surge driven by non-operating income raises concerns; auditor exit mid-term adds uncertainty.