BSEFutura Polyesters LtdHighNeutral
Announced Tue, 8 Sept, 2026 · 16:09 IST
Futura Polyesters Q3 FY21 results filed with qualified opinion; going concern doubt
Price reaction
Awaiting price reaction for this filing.
AI summary
Futura Polyesters filed long-delayed Q3 FY21 results (Dec 2020 quarter, filed Jun 2026) with a qualified auditor opinion. Concerns raised: finance cost on NPA-classified borrowings not fully provided; going concern doubtful as net worth fully eroded, continuous losses, and debt delays. 9M FY21 profit of Rs 136.30 lakh from discontinued ops versus Rs 1,043.94 lakh loss a year ago, driven mainly by Rs 1,258 lakh land sale gain. In Jun 2025, the company paid Rs 243.45 crore OTS to lenders.
Likely market impact
Severe distress: going concern doubtful, net worth fully eroded, NPA debt. Shares under trading suspension. June 2025 OTS settlement is a positive step.