RESULT FOR QUARTER ENDED 30.06.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Agio Paper & Industries filed its Q1 FY26 results (quarter ended June 30, 2025) with BSE, reporting revenue from operations of just Rs 0.35 lakh (vs Rs 0.11 lakh in Q1 FY25) and a net loss of Rs 45.71 lakhs, widening from Rs 42.57 lakhs in the year-ago quarter. Loss per share stood at Rs (0.28). The statutory auditor, Baid Agarwal Singhi & Co., explicitly flagged a 'material uncertainty that may cast significant doubt about the Company's ability to continue as a going concern.' This is because the company's paper factory at Bilaspur has been suspended since October 2010 due to pollution control issues, and the company has already disposed of its entire plant & machinery and a substantial portion of its capital work-in-progress. The going concern basis is being maintained solely on the basis of a comfort letter from a promoter company confirming financial support, along with management's plans to use remaining PPE for alternative business activities.
This is a near-defunct company with virtually no operating revenue and persistent losses. The auditor's going concern warning is a serious red flag — the business survives only on promoter financial support, making it extremely risky for retail investors. The stock is likely to remain illiquid and speculative.