Announcement of Unaudited Financial Results under IND AS for the 1st Quarter Ended 30th June 2025 as per Regulation 33 of the SEBI (LODR) Regulations 2013
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Turner Industries Limited (CIN: L52599TN1995PLC029777) submitted its Q1 FY26 unaudited results, approved by the Board on 13 August 2025. The company reported zero revenue from operations, with only Rs. 0.31 lacs in other expenses, leading to a net loss of Rs. 0.31 lacs (EPS: Rs. -0.01), unchanged from the year-ago quarter but narrower than Q4 FY25's Rs. 1.06 lacs loss. The balance sheet remains weak, with deeply negative reserves of Rs. (389.23) lacs against equity share capital of Rs. 401.31 lacs, leaving total equity at just Rs. 12.08 lacs. Borrowings stood at Rs. 38.10 lacs against a cash balance of only Rs. 0.80 lacs. The statutory auditor (A. John Moris & Co.) issued an unqualified review report.
The company appears operationally dormant with no income and continuous losses, while its reserves are deeply negative and debt significantly exceeds equity — raising serious solvency and going-concern concerns for shareholders. Investors should watch closely for any revival of the property development business or further capital erosion.