Q1 FY27 results revenue collapses to Rs 1.69 cr, auditor flags going concern

Going ConcernQualified OpinionEmphasis Of MatterRevenue DeclinePat NegativeResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.9%Reaction day

₹17.00

prior close

₹16.16

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-2.2% vs market

Civil Construction peers, median of 100sector+0.5%-2.4% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 2.4 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.2

10m

+5.0

15m

+4.5

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.9+0.3-2.2+0.5-2.4

Next day

-0.6+1.1-1.7+0.8-1.4

-2.3+1.3-3.6+1.3-3.6

-2.9+2.0-5.0+1.9-4.9

-3.6+0.3-3.9+1.2-4.8

-4.6+1.1-5.7+1.0-5.7

-8.8-3.2-5.6-3.3-5.5

15d

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 100Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved Q1 FY27 standalone revenue of Rs 169.10 lakhs versus Rs 8,796.97 lakhs in Q1 FY26, a sharp drop. Standalone loss of Rs 20.32 lakhs versus profit of Rs 57.83 lakhs earlier. Order book only Rs 1.02 crore against FY27 target of Rs 62.50 crore. Auditor issued a qualified conclusion on pending trade receivables and payables confirmations and an Emphasis of Matter on material going concern uncertainty.

Likely market impact

Massive revenue slump, going concern doubt and qualified auditor opinion are serious red flags. Recovery hinges on converting pipeline proposals into binding orders.