Integrated Filling of Financial results
Awaiting price reaction for this filing.
Lynx Machinery & Commercials Ltd reported zero revenue from operations for FY2026, with total income of only ₹0.79 lakhs from other income. The company posted a net loss of ₹155.37 lakhs, worsening from a loss of ₹126.86 lakhs in FY2025. Finance costs of ₹112.45 lakhs (vs ₹78.16 lakhs in prior year) were the largest expense item. The auditors issued a qualified opinion due to non-provisioning of ₹213.48 lakhs in doubtful trade receivables from a debtor who won a court case against the company. Operating cash flow was severely negative at ₹536.13 lakhs. The balance sheet shows negative reserves of ₹285.99 lakhs and total assets of ₹1,663.98 lakhs against equity of only ₹102.55 lakhs. Related party transactions involve director loans (Pradyumna Jajodia, Padmanabhi Jajodia, Devang Jajodia).
The company is loss-making, cash-burning, and carries a qualified audit opinion regarding a ₹213.48 lakh receivable that the auditors say should be written off. With negative net worth and heavy reliance on financing activities to sustain operations, the stock carries very high risk.