Integrated Filing (Finance) for the Half Year and Year ended on 31st March, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
City Crops Agro Ltd reported a significant decline in financial performance for FY2025-26. Revenue fell sharply to Rs. 1,953.94 lakhs from Rs. 5,591.71 lakhs in the previous year, representing a 65% decline. The company posted a net loss of Rs. 393.21 lakhs compared to a profit of Rs. 247.69 lakhs in FY2024-25. EPS turned negative at Rs. -2.41 per share. Total expenses stood at Rs. 2,347.13 lakhs. The company wrote off its entire opening stock-in-trade of Rs. 1,643.05 lakhs (being perishable goods) to nil value, which was a major contributor to the loss. The auditor issued a Qualified Opinion citing multiple issues including unpaid income tax dues of Rs. 125.36 lakhs spanning FY 2022-23 to 2024-25, inactive GST registration, unexplained IPO fund advances of Rs. 300.25 lakhs, unconfirmed trade receivables and payables, and failure to establish Expected Credit Loss provisioning policies.
The stock is likely to face strong negative sentiment given the steep revenue decline, operating losses, and qualified audit opinion. Regulatory concerns around tax compliance, GST filings, and questionable IPO fund usage pose additional risks for investors.