Quarter loss widens as auditor flags continued-operations uncertainty
INFOMEDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Net loss was Rs 80.14 lakh for the September quarter and Rs 172.92 lakh for the half year, versus Rs 24.64 lakh and Rs 127.45 lakh a year ago. Operations remain discontinued. Accumulated losses of Rs 11,460.20 lakh left net worth negative at Rs 6,294.89 lakh. The auditor flagged material uncertainty about continuing operations, but found no material misstatement. The holding company has given a support letter.
Negative equity and continued losses create high downside risk. Holding-company support offers comfort, but no sustainable operating plan is clear yet.