Q1 FY27 results: Zero revenue, loss of Rs 14.20 lakh, going concern flag raised
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Coral Newsprints reported zero revenue from operations in Q1 FY27, with segment showing no production. The company posted a net loss of Rs 14.20 lakh versus a loss of Rs 14.74 lakh in Q1 FY26. Total expenses stood at Rs 14.20 lakh, mainly employee costs of Rs 7.42 lakh. The statutory auditor flagged a material uncertainty on the company's ability to continue as a going concern, noting eroded net worth, current liabilities exceeding current assets, and sale of all plant and machinery last year.
Negative. Zero revenue, continued losses, and auditor going concern warning raise serious doubts about survival. High risk for shareholders.