Q1 FY27 Results: Net Loss Widens; Going Concern Flagged
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 9.8 pts less than Nifty Microcap 250 and 8.5 pts less than its Tyres & Rubber Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Company reported nil revenue from operations and nil other income for Q1 FY27, versus 22.13 lakhs total income a year earlier. Net loss widened to 11.99 lakhs from 10.85 lakhs YoY. Auditor flagged going concern uncertainty, noting net worth is fully eroded and current liabilities exceed current assets. Management cites planned development of Goa land assets to maintain going concern. Full FY26 loss was 46.02 lakhs.
Auditor going concern flag and fully eroded net worth raise serious solvency concerns; losses continue with no operating revenue.