Announced Mon, 13 Jul · 18:31 IST
IGC Industries Q1 FY27 loss widens sharply on written-off advance
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.2%1-day move
₹2.23
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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Up moveDown movePending
AI summary
Board approved unaudited Q1 FY27 results. Revenue from operations stayed at zero. Total expenses jumped to Rs 1,462.03 lakh from Rs 263.72 lakh in Q1 FY26, mainly due to a written-off advance of about Rs 931.59 lakh linked to a Directorate of Enforcement complaint on a disputed transaction. Net loss widened to Rs 1,462.03 lakh versus Rs 263.72 lakh earlier. EPS stood at minus Rs 4.21. Auditor flagged the write-off as an Emphasis of Matter with no qualification.
Likely market impact
Sharp loss reflects one-time write-off tied to an enforcement probe, raising governance and going-concern concerns for shareholders.