Un-Audited Q1 FY27 Results - Auditor Issues Qualified Conclusion

Qualified OpinionRevenue DeclineContingent Liabilities IncreasedRelated Party TransactionsGoing ConcernResults View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.2%Reaction day

₹12.51

prior close

₹12.78

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-3.3% vs market

Ferrous Metals peers, median of 22sector · industry level+0.8%-4.0% vs sector

On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 4.0 pts less than its Ferrous Metals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.4

10m

-1.4

15m

-1.4

30m

-4.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.2+0.1-3.3+0.8-4.0

Next day

-2.6+0.5-3.1+0.5-3.1

+2.3-0.1+2.4+0.4+1.9

+3.6+0.4+3.2+0.6+3.0

-2.9+0.7-3.6+0.9-3.8

+0.7+0.9-0.2+1.5-0.8

-0.1+1.1-1.2+3.3-3.4

15d

-3.7+1.6-5.3+1.0-4.7

-0.8-0.7-0.1-1.3+0.5

-2.9-3.2+0.4-5.2+2.3

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UpDownMarket · Nifty Microcap 250Sector · Ferrous Metals peers, median of 22Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bihar Sponge Iron reported Q1 FY27 net revenue of Rs 1,592.96 lakhs (vs Rs 7,749.88 lakhs YoY) and PAT of Rs 248.33 lakhs (vs Rs 428.57 lakhs). Auditor issued a qualified conclusion citing unprovided SECL penalty of Rs 215.28 lakhs, undisclosed promoter loan settlement, and Rs 12,118.33 lakhs of unprovided soft loan interest. Other equity is negative at Rs 24,263.88 lakhs. Plant was under revamping with a new operator agreement signed in March 2026.

Likely market impact

Significant unresolved liabilities and negative reserves raise serious going concern concerns. Auditor qualification adds risk for investors.