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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) along with a limited review report from statutory auditor G Basu & Co. Revenue from operations surged to Rs 3,547.31 lacs from Rs 1,070.73 lacs in Q1 FY25, a jump of over 230%, driven mainly by the jute segment which saw revenue rise from Rs 936.35 lacs to Rs 3,480.43 lacs. Despite the strong top-line growth, the company remained in the red with a net loss of Rs 840.93 lacs, though narrower than the Rs 1,053.42 lacs loss in the year-ago quarter. The flax segment continued to struggle, posting a loss of Rs 122.95 lacs on revenue of just Rs 66.88 lacs. Management flagged that three old units remain suspended due to labour unrest and machinery obsolescence, while the Flax unit at Jagadal is undergoing major overhaul and is expected to start operations by year-end. A minority shareholder has filed vexatious complaints including at NCLT, which the management is contesting.
Strong revenue recovery is a positive sign, especially in the jute segment, but persistent losses and weak flax performance mean profitability remains elusive. Shareholders should watch for operational restart of the Flax unit and resolution of the suspended units to see if revenue growth can translate into profits.