Enclosed Standalone Unaudited Financial Results of the Company for the First Quarter of the FY 2025-26 ended on 30th June, 2025, along with Statutory Auditors Limited Review Report thereon.
Awaiting price reaction for this filing.
Clenon Enterprises Ltd posted a net loss of ₹61.38 lakhs in Q1 FY26, slightly wider than the ₹59.69 lakh loss in Q1 FY25. Total income dropped sharply to ₹90.10 lakhs from ₹196.30 lakhs a year ago, a decline of about 54%, while total expenses ballooned to ₹151.48 lakhs from ₹59.69 lakhs, driven mainly by purchase of traded goods (₹89.83 lakhs) and other expenses. Earnings per share stood at -₹0.71. Notably, the company's other equity is negative at -₹130.50 lakhs against a paid-up equity capital of ₹861.53 lakhs, indicating accumulated losses have eroded reserves.
The steep revenue fall combined with mounting losses and negative other equity is a serious red flag for shareholders — the company's net worth is essentially eroded, raising going-concern concerns despite a clean (unmodified) limited review from the auditor. The stock may see negative sentiment, and any turnaround will depend on whether the company can restore revenue and stop the bleeding on expenses.