Kindly find enclosed unaudited financial result for the quarter ended 30th June, 2025.
Awaiting price reaction for this filing.
Gopal Iron and Steels Company (Gujarat) Limited reported unaudited Q1 FY26 results showing revenue from operations of essentially nil (down from Rs 154.01 lakhs in Q1 FY25 — a near-total collapse) and a loss after tax of Rs 7.14 lakhs versus a profit of Rs 4.03 lakhs a year ago. Total expenses of Rs 7.30 lakhs were met by other income of just Rs 0.16 lakhs, deepening the loss. The statutory auditor flagged an Emphasis of Matter stating the accounts were prepared on a going concern basis despite recurring losses, disposal of all plant and machinery, and discontinuation of operations. Pending income tax demands totalling Rs 916.77 lakhs (including Rs 838.30 lakhs before the Supreme Court) have been disclosed as contingent liabilities.
This is a deeply negative filing for shareholders — operations have effectively ceased, the auditor has raised a going concern and emphasis-of-matter flag, and a large contingent tax liability could further pressure the company if appeals fail. The stock is likely to see negative sentiment given the near-zero revenue and discontinued-operations status.