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, primarily a finance and investment company, reported its Q1 FY26 results. On a standalone basis, total income was just Rs. 0.09 lakh (down from Rs. 0.45 lakh in Q1 FY25), while total expenses stood at Rs. 56.77 lakh, largely driven by finance costs of Rs. 49.18 lakh. The company posted a net loss after tax of Rs. 56.68 lakh (vs a loss of Rs. 50.77 lakh in Q1 FY25), with EPS of Rs. (2.85). However, total comprehensive income was positive at Rs. 62.37 lakh due to fair value gains on investments of Rs. 119.05 lakh. On a consolidated basis, net loss narrowed to Rs. 56.85 lakh (from Rs. 73.24 lakh in Q1 FY25). The statutory auditor SSRCA & Co. issued an unqualified limited review report, though it flagged that one associate's accumulated losses have exceeded the purchase cost of the investment.
The company continues to post operating losses funded mainly by finance costs, indicating weak core earnings. However, positive fair value movements on investments lifted comprehensive income, and shareholders' reserves remain healthy at around Rs. 1,913 lakh (standalone). Near-term stock impact is likely neutral to slightly negative given the persistent losses, but investment portfolio value is the key swing factor.