Q1 FY27 results: revenue up 58%, auditor flags going concern risk
BALKRISHNA · price
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On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 0.9 pts less than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Balkrishna Paper Mills reported Q1 FY27 revenue of Rs 175.90 lakhs, up about 58 percent from Rs 111.59 lakhs a year ago. Loss before tax from continuing operations narrowed to Rs 36.54 lakhs from Rs 214.19 lakhs. However, net worth is deeply negative at minus Rs 17,723.83 lakhs. Auditor issued a qualified review report flagging material uncertainty on going concern. Paper manufacturing at Ambivali was discontinued earlier; firm now only trades paper and paperboards.
Negative net worth and going concern flag are major red flags despite revenue growth. High risk, watch for any revival plan.