Gem Spinners Q1 FY27 loss narrows to Rs 11.74 lakh but no revenue
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Gem Spinners India reported Q1 FY27 (quarter ended June 30, 2026) results with zero income from operations and other income. Total expenses of Rs 11.74 lakh included employee costs (Rs 2.60 lakh), depreciation (Rs 3.90 lakh), and other expenses (Rs 5.24 lakh). Loss after tax stood at Rs 11.74 lakh, narrower than Rs 14.16 lakh loss in Q1 FY26. Full year FY26 loss was Rs 40.98 lakh. EPS at Rs (0.02). Auditor flagged that the company has not provided for impairment losses, if any. Board fixed 36th AGM on September 30, 2026.
Zero operating revenue and continued losses raise serious business continuity concerns. Auditor flagged unprovided impairment losses as a key risk.