Financial Results for the quarter ended 30.09.2025
Awaiting price reaction for this filing.
Aananda Lakshmi Spinning Mills reported unaudited Q2 FY26 results with revenue from operations of ₹7.39 lakhs (up from ₹5.99 lakhs YoY) and a net profit of ₹16.46 lakhs for the quarter, aided by a sharp jump in other income to ₹61.44 lakhs. However, for the half year, revenue declined over 41% to ₹37.24 lakhs and the company posted a net loss of ₹204.36 lakhs, driven by exceptional items of ₹206.33 lakhs (write-off of export duty credit of ₹176.02 lakhs and cross-subsidy provision of ₹30.31 lakhs) and continued losses from the discontinued spinning division. The balance sheet shows deeply negative equity of ₹(1,739.79) lakhs, accumulated losses of ₹3,654.05 lakhs, and current liabilities far exceeding current assets (₹1,850.95 lakhs vs ₹281.11 lakhs). The auditor (K.S. Rao & Co) issued a qualified review report citing non-provision of interest on unpaid TDS dues of ₹20.60 lakhs and emphasised the exceptional items and income recognition timing issue.
Negative for shareholders — the company is in severe financial distress with negative net worth, mounting losses, current liabilities dwarfing current assets, and an ongoing going concern risk flagged in the notes. The qualified auditor opinion and exceptional write-offs further weaken the credibility of the numbers, suggesting the stock remains a high-risk micro-cap.