Digjam Q1 FY27 results: revenue up sharply, going concern flagged
DIGJAMLMTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Digjam reported Q1 FY27 results. Revenue from operations rose to Rs 745.79 lakhs, up about 89 percent YoY from Rs 395.28 lakhs. Profit from continuing operations turned positive at Rs 87.43 lakhs vs a Rs 65.77 lakh loss a year ago. Net profit stood at Rs 82.43 lakhs. However, the auditor flagged a material uncertainty on going concern as current liabilities exceed current assets by Rs 2,107.75 lakhs, the Jamnagar plant is shut, and other equity is negative at Rs 1,558.30 lakhs. A scheme of arrangement with Reid and Taylor International is pending.
Better operating numbers, but going concern flag and negative net worth raise serious sustainability questions.