BSECMI LtdHighNeutral
Announced Fri, 11 Sept, 2026 · 16:08 IST
CMI Q1 FY26 results: Rs 129 lakh loss, net worth fully eroded under insolvency
Going-concern doubtRevenue declinedNet loss reportedContingent liabilities increasedResults View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
CMI Limited, under Corporate Insolvency Resolution Process since August 2023 after Canara Bank petition, posted Q1 FY26 (quarter ended June 2025) revenue of Rs 1,380 lakh, down from Rs 1,561 lakh YoY. Net loss narrowed to Rs 129 lakh from Rs 352 lakh, with EPS of minus Rs 0.08. Accumulated losses of Rs 16,376 lakh have fully eroded the net worth. Auditor flagged going concern risks, pending tax and GST litigations, missing fixed asset register, and issued a disclaimer of opinion.
Likely market impact
Negative - company still under insolvency with fully eroded net worth; going concern flagged, so shareholder recovery prospects remain weak.