Eurotex Industries and Exports Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
EUROTEXIND · price
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On the reaction day the stock moved 2.9 pts more than Nifty Microcap 250 and 3.5 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Eurotex Industries reported a sharp drop in operating revenue to just Rs. 4.43 lakhs in Q1 FY26, down from Rs. 62.13 lakhs in the same quarter last year, reflecting the continued closure of its Kolhapur textile plants since 2019. The company posted a loss before tax of Rs. 118.10 lakhs (vs Rs. 133.66 lakhs loss a year ago) and a net loss of Rs. 87.04 lakhs, though marginally narrower year-on-year. Other equity remains deeply negative at Rs. (3,749.92) lakhs, meaning the company's net worth is fully eroded. The auditor (Lodha & Co LLP) flagged a material uncertainty related to going concern, noting cash losses, eroded net worth, and discontinued manufacturing operations, though the conclusion was not modified. Management settled all bank dues using promoter-group borrowings and plans to develop its available Kolhapur land area, which underpins the going concern assumption.
This is a deeply concerning filing for shareholders — the core textile business is effectively shut, revenue has collapsed ~93% YoY, the company is loss-making, and net worth is wiped out. The going-concern warning is a major red flag, though management's land monetisation plan (already partly executed — land worth Rs. 311 lakhs was sold post-quarter to repay a secured lender) could provide some revival optionality. Expect continued stock-price pressure and high risk for existing shareholders.