Approval of Audited Financial Result
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Binny Mills Limited reported audited financial results for FY2026 with revenue from operations of Rs.855.66 lakhs, up 35% from Rs.632.18 lakhs in FY2025. However, the company recorded a net loss of Rs.1,727.41 lakhs for the year, slightly worse than Rs.1,271.79 lakhs loss in the previous year. Total comprehensive loss stood at Rs.1,270.36 lakhs. Exceptional items of Rs.1,127.43 lakhs were recorded, primarily related to provisions for pending litigations. The auditors issued an unmodified opinion but included an Emphasis of Matter on multiple issues including a Rs.9.73 crore loan to parent company Binny Limited with no repayment schedule, and pending labour and rent disputes where provisions have been made. The company also appointed M/s T Balaji and Associates as internal auditor for FY2026-27.
Despite strong revenue growth of 35%, the company continues to burn cash with significant losses and negative operating cash flow of Rs.2,099.39 lakhs. Multiple related party transactions and contingent liabilities from demerger-related litigations create uncertainty for shareholders.