Q1 FY27 results: Net loss widens to Rs 131L; going concern flag raised
EUROTEXIND · price
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On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 1.7 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 posted Q1 FY27 revenue of Rs 1.85 lakh (down from Rs 4.43 lakh YoY). Net loss widened to Rs 131.27 lakh from Rs 87.04 lakh. Auditor Lodha and Co raised a Material Uncertainty on Going Concern, noting net worth is fully eroded (other equity negative Rs 3,567 lakh) and Kolhapur plants remain shut since 2019. Emphasis of Matter flagged after Supreme Court rulings against the firm on disputed electricity charges of Rs 1,680 lakh and duty of Rs 306 lakh. Company plans review petitions and Kolhapur land development.
Net worth fully eroded, plants shut, and adverse Supreme Court rulings on disputed charges raise serious survival and solvency concerns for shareholders.