Q1 FY27 Results: Net Loss of Rs 58.26 Lakhs, Revenue Declines 43% YoY
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On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.5 pts less 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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Q1 FY27 net loss narrowed to Rs 58.26 lakhs versus Rs 119.08 lakhs loss in Q1 FY26. Revenue from operations fell about 43 percent YoY to Rs 202.15 lakhs from Rs 357.65 lakhs. Continuing operations posted a loss before tax of Rs 11.11 lakhs; discontinued textile ops added Rs 46.15 lakhs loss. Other income of Rs 112.38 lakhs includes Rs 85.13 lakhs fair value gain on mutual funds. Company now operates only the Engineering segment. Board reappointed Joint MD Abhimanyu Thackersey for 3 years. No deferred tax assets created citing uncertainty of future profits.
Lower top line but shrinking losses; discontinued textile drag continues; deferred tax non-recognition signals earnings uncertainty