Unaudited Financial Results (Standalone and Consolidated) for the Quarter Ended 30th June, 2025
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Facor Alloys reported a weak Q1 FY26, with revenue from operations falling to just ₹4.71 lakh from ₹16.67 lakh a year ago. Total income collapsed to ₹14.43 lakh from ₹999.19 lakh as other income nearly vanished. The company posted a net loss of ₹465.56 lakh versus a profit of ₹630.40 lakh in the same quarter last year. Plant operations have been shut down since October 31, 2023, and revenue is now mostly from by-product sales. New management is in talks with corporate houses and lenders to restart operations, while the promoter entity is injecting funds to meet running costs. The auditor (K.K. Mankeshwar & Co.) issued an unmodified conclusion on standalone results but was unable to express any conclusion on consolidated results due to non-availability of the foreign subsidiary's financials.
Persistent losses, a non-operational plant and reliance on promoter funding raise serious going-concern worries. The consolidated results carry an incomplete auditor review, and shareholders should expect high volatility and uncertainty around any potential restart of operations.