Gokak Textiles Q1 loss narrows to Rs 4 cr; going concern flag; knitwear unit to shut

Going ConcernEmphasis Of MatterRevenue Growth 20pctPat Growth 25pctPat NegativeExceptional ItemResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.5%Reaction day

₹59.50

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+2.1% vs market

Other Textile Products peers, median of 187sector-0.4%+2.9% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 2.9 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 187Pending

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AI summary

Revenue from operations rose to Rs 24.31 cr (vs Rs 15.38 cr YoY). Net loss narrowed to Rs 4.01 cr from Rs 11.46 cr. Exceptional income of Rs 1.11 cr from insurance claims. Accumulated losses stand at Rs 268.79 cr and net worth is negative. Auditor flagged material uncertainty on going concern due to negative net worth and current liabilities exceeding current assets. Company depends on Shapoorji Pallonji support. Board approved permanent closure of knitwear unit (9.76 percent of FY26 revenue), sale agreed at Rs 19.50 cr.

Likely market impact

Persistent losses, negative net worth, and going concern flag weigh on stock. Loss narrowed and knitwear divestment may ease cash strain, but risks remain.