Kajal Synthetics Q1 FY27 net loss widens to Rs 63.30 lakh
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Kajal Synthetics, primarily a finance and investment company, posted a Q1 FY27 standalone net loss of Rs 63.30 lakh versus Rs 56.68 lakh loss a year ago, on negligible income of Rs 0.19 lakh. Finance costs of Rs 55.48 lakh drove total expenses of Rs 63.49 lakh. EPS stood at Rs (3.18). Fair value gains on investments of Rs 173.02 lakh lifted total comprehensive income to a positive Rs 109.72 lakh. Auditor flagged one associate whose accumulated losses have exceeded its investment cost, with further losses no longer being recognised.
Sustained quarterly losses with near-zero operating income; gains only from investment revaluation. Associate write-down risk is a concern.