CMICABLESNSECMI LimitedHighNeutral
Announced Wed, 29 Oct, 2025 · 19:34 IST
CMI reports Rs 984.92 lakh half-year loss as net worth is erased
Price reaction
Awaiting price reaction for this filing.
AI summary
CMI’s September 2024 results showed half-year revenue of Rs 4,574.44 lakh versus Rs 1,194.90 lakh, but a net loss of Rs 984.92 lakh versus Rs 564.74 lakh. The quarter loss widened to Rs 633.26 lakh from Rs 184.53 lakh. Key records were unavailable, so the auditor gave no opinion and said losses had fully erased net worth. The company remains under an insolvency process with its board suspended; results were approved in October 2025.
Likely market impact
Losses, erased net worth and the ongoing insolvency process keep equity risk high. The late filing and lack of auditor opinion add uncertainty.