Q1 FY27 Results: Revenue Plunges YoY, New Statutory Auditor Recommended
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Antariksh Industries reported Q1 FY27 (quarter ended June 30, 2026) revenue of Rs 21.65 lakhs, down sharply from Rs 516.66 lakhs in Q1 FY26. The company swung to a loss of Rs 13.23 lakhs from a profit of Rs 0.14 lakhs a year ago, with EPS at negative 6.46. Total expenses were Rs 13.23 lakhs. The board approved these unaudited results, which carry a clean limited review report from D M K H & Co. The board also recommended appointing M/s. Nitin K Shah & Co. as new statutory auditors for 5 years (from 51st to 56th AGM) replacing the retiring D M K H & Co., subject to shareholder approval, and appointed M/s. PNK & Co. as secretarial auditor for FY27.
Sharp revenue drop and swing to losses signal a weak quarter. Auditor change is a routine rotation, pending shareholder approval at the AGM.