Financial Results for the quarter ended 31.12.2025.
Awaiting price reaction for this filing.
For the quarter ended December 2025, the company earned revenue of ₹68.83 lakhs and a profit of ₹60.32 lakhs from its continuing operations. However, the discontinued spinning division posted a loss of ₹186.17 lakhs, including exceptional items, dragging the quarter into a net loss of ₹125.85 lakhs. For the nine months ended December 2025, total net loss widened sharply to ₹328.06 lakhs from ₹31.82 lakhs a year earlier, hurt by exceptional items of ₹363.88 lakhs (export duty credit write-off and cross-subsidy provision). Revenue from operations for the nine months fell to ₹134.03 lakhs from ₹290.14 lakhs in the prior year period. Accumulated losses ballooned to ₹3,777.65 lakhs, reserves are negative at ₹-1,885.26 lakhs, and current liabilities exceed current assets.
Shareholders face a deeply negative equity position and worsening losses despite the continuing segment showing a profit. The auditor's qualified conclusion and explicit going concern note, combined with heavy losses from the discontinued spinning division, signal serious financial distress and heightened risk for the stock.