Disclosure of Unaudited Financial Results (Consolidated and Standalone) of the Company for the financial year ended 31.12.2025
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Awaiting price reaction for this filing.
Kandagiri Spinning Mills reported sharply lower revenues and continued losses for the third quarter and nine months ended December 2025. Standalone revenue from operations for the nine months fell to Rs 43.10 lakhs from Rs 132.41 lakhs a year earlier, while the company posted a standalone loss before tax of Rs 250.21 lakhs (vs Rs 130.21 lakhs loss in 9M FY24). On a consolidated basis, the nine-month loss before tax widened to Rs 241.66 lakhs, with a Q3 loss of Rs 65.51 lakhs. The statutory auditor has issued a qualified opinion on both the consolidated and standalone results, flagging material uncertainty about the company's ability to continue as a going concern due to recurring losses, net worth erosion, and weak yarn trading performance. Promoters have committed to infusing additional funds as and when needed.
This is a negative filing for shareholders — widening losses, deep revenue decline, eroded net worth, and an explicit going-concern qualification from the auditor suggest serious solvency and business viability concerns, which could weigh on the stock price and raise questions about future funding support.