Q1 FY27 results: zero revenue, wider loss, audit qualifications flagged

Qualified OpinionPat NegativeRevenue DeclineResults View source PDF Explain this filing

CRSL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+4.7%Reaction day

₹2.75

prior close

₹2.81

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+5.7% vs market

IT Enabled Services peers, median of 82sector-0.8%+5.5% vs sector

On the reaction day the stock moved 5.7 pts more than Nifty Microcap 250 and 5.5 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.5

10m

+1.4

15m

+2.5

30m

+2.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.7-1.0+5.7-0.8+5.5

Next day

-0.4-1.5+1.2-1.1+0.7

-5.1-0.9-4.1-1.3-3.7

-0.4-0.3-0.1-1.0+0.7

-2.9+0.1-3.0-1.1-1.8

-7.3+0.7-7.9-1.8-5.5

-6.5+0.3-6.9-1.8-4.7

15d

-7.3+1.0-8.2-2.2-5.1

-20.4-2.4-18.0-4.8-15.6

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 82Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved Q1 FY27 results. Revenue from operations nil; total income Rs 102.28 lakhs vs Rs 211.72 lakhs YoY. Standalone loss Rs 86.82 lakhs; consolidated loss Rs 87.42 lakhs. Auditor flagged 4 qualifications: Rs 7,678 lakhs loans undocumented, unreconciled payables, pending SEBI probe, no edit log in software. 41st AGM on Sep 30, 2026.

Likely market impact

Multiple audit qualifications and ongoing SEBI investigation raise serious concerns about financial transparency and corporate governance.