HCL Infosystems Q1 loss widens; auditor flags going concern
HCL-INSYS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.9 pts less than its Computers Hardware & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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HCL Infosystems Q1 FY27 standalone net loss widened to Rs 1,670 lakhs from Rs 428 lakhs YoY. Consolidated loss was Rs 1,668 lakhs vs Rs 450 lakhs. Standalone operating revenue was nil vs Rs 39 lakhs. Auditor flagged going concern: net worth fully eroded, current liabilities exceed current assets by Rs 44,974 lakhs standalone and Rs 47,837 lakhs consolidated. Standalone exceptional loss of Rs 801 lakhs from subsidiary provisioning. Promoter support via Rs 35,500 lakhs NCDs and fixed deposit lien of Rs 11,960 lakhs.
Deep financial distress with fully eroded net worth and material going concern doubt. Stock remains high-risk and dependent on continued promoter support.