Q1 FY27 results: profit rises, revenue up 21%, auditor gives qualified opinion
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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IndiaNivesh posted Q1 FY27 standalone revenue of Rs. 39.57 lakhs (up 21.5% YoY) and net profit of Rs. 24.35 lakhs vs Rs. 17.49 lakhs last year. Consolidated profit swung to Rs. 8.45 lakhs from a loss of Rs. 95.07 lakhs. Auditor Ajay Shobha and Co issued a qualified opinion as interest on two loans totaling Rs. 141.60 crores was not provided. Net worth remains eroded; management plans to induct funds. Auditor changed from C A S and Co to Ajay Shobha and Co.
Short-term profit rebound is positive, but qualified opinion, eroded net worth, and unresolved loan interest terms keep long-term risk high.