Financial Result
Price
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Awaiting price reaction for this filing.
Binny Mills reported a deeply negative quarter, posting a loss after tax of ₹1,270.55 lakhs against revenue of just ₹155.99 lakhs, with EPS at negative ₹10.30. Total expenses of ₹1,266.38 lakhs far exceeded income, confirming the company is in severe financial distress. The balance sheet shows completely eroded shareholder equity of negative ₹23,111.12 lakhs and total borrowings of roughly ₹17,376 lakhs (current + non-current) against total assets of only ₹17,789.90 lakhs. The filing explicitly notes the company is undergoing Corporate Insolvency Resolution Process (CIRP) since 7th September 2021, with the resolution plan of ₹21.26 Crores awaiting final NCLT approval. A pending City Civil Court case over a corporate guarantee given to M.G. Builders remains unresolved.
Shareholders face extreme risk — the stock is effectively in insolvency proceedings with wiped-out equity and no signs of operating recovery. Any price movement will likely be driven by NCLT resolution outcomes rather than financial performance.