Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 We submit herewith Un-audited Financial Results (Standalone and Consolidated) for the ....
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Kajal Synthetics & Silk Mills, which now operates primarily as a finance and investment company, reported a standalone net loss of Rs. 56.68 lakhs for Q1 FY26, wider than the Rs. 50.77 lakhs loss in Q1 FY25. Total income was negligible at Rs. 0.09 lakhs versus Rs. 0.45 lakhs a year ago, while finance costs remained the dominant expense at Rs. 49.18 lakhs. Consolidated net loss was Rs. 56.85 lakhs, an improvement from Rs. 73.24 lakhs in Q1 FY25, helped by a smaller share of losses from associates. However, the auditor flagged that one associate's accumulated losses have exceeded the purchase cost, so further loss-sharing has been stopped (investment value written down to zero). Total comprehensive income was positive at Rs. 62.37 lakhs on standalone basis due to Rs. 119.05 lakhs of fair value gains on investments. The statutory auditor SSRCA & Co. issued an unqualified limited review report.
The company continues to burn cash with operating income far below finance costs, though healthy reserves of Rs. 1,913 lakhs and unrealised investment gains provide a cushion. Persistent losses and an associate in trouble are negatives, but the narrowing consolidated loss and positive comprehensive income offer some comfort for existing shareholders.