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Kakatiya Textiles reported a significant deterioration in FY2026 performance. Revenue from operations declined to ₹2,274 lakhs from ₹3,145 lakhs in FY2025, representing a 28% drop. The company swung to a net loss of ₹502 lakhs compared to a profit of ₹133 lakhs in the previous year. Basic EPS turned negative at ₹11.39 per share. Operating cash flow was severely negative at ₹2,299 lakhs due to large working capital outflows. Borrowings nearly doubled from ₹2,034 lakhs to ₹4,123 lakhs. The company has negative net worth with total equity at negative ₹1,783 lakhs. Exceptional items of ₹153 lakhs included profit from machinery sale and surcharge/interest waiver on power charges. Significant related party transactions were disclosed with entities controlled by key management personnel.
The company is in financial distress with negative equity, heavy losses, and negative operating cash flow. Despite an unmodified audit opinion, the negative net worth and borrowings nearly doubling raise serious concerns about the company's ability to continue as a going concern.