Enclosing Q3 financial results for the FY 2025-26.
Awaiting price reaction for this filing.
Neueon Corporation, which emerged from Corporate Insolvency Resolution Process (CIRP) on October 23, 2024, reported Q3 FY26 standalone revenue from operations of Rs. 122.34 lakhs, up sharply from Rs. 1.21 lakhs in Q3 FY25 (nine-month revenue rose to Rs. 980.21 lakhs from Rs. 5.84 lakhs). However, the company posted a Q3 net loss of Rs. 879.76 lakhs, narrower than the Rs. 2,532.44 lakh loss a year ago, helped by an exceptional item of Rs. 5,752.70 lakhs and a write-back in other expenses. The nine-month net loss actually widened to Rs. 11,978.65 lakhs versus Rs. 7,301.41 lakhs last year. Paid-up equity capital increased 10x to Rs. 5,654.46 lakhs, reflecting share issuance under the approved Resolution Plan led by Preca Solutions.
The auditor issued a qualified conclusion and an emphasis-of-matter note, flagging that no impairment test was conducted despite negative net worth, accumulated losses, and underutilized assets. Investors should view the topline jump cautiously as revenue is still small and the company remains loss-making at the nine-month level, with significant asset-quality concerns unresolved.