Audited Financial Results for the quarter and financial year ended March 31, 2026
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Krishna Filament Industries Limited reported extremely thin operations for FY 2026 with total revenue of just Rs. 8 lakhs for the entire year. The company posted a net loss of Rs. 0.35 lakhs for the full year, compared to a small profit of Rs. 0.55 lakhs in the prior year. For Q4, the loss stood at Rs. 1.66 lakhs. The balance sheet reveals severe financial stress with negative total equity of Rs. 284.62 lakhs, with borrowings of Rs. 284.65 lakhs nearly matching total assets of Rs. 71.16 lakhs. The statutory auditors, M/s. P R Agarwal & Awasthi, issued an unmodified (clean) opinion on the results. The company's paid-up capital remains at Rs. 778.63 lakhs, indicating a heavily eroded net worth.
The company is effectively insolvent with negative equity and minimal revenue. While the auditor gave an unmodified opinion, the balance sheet structure and near-zero revenue raise serious concerns about the company's ability to continue as a going concern. Shareholders face extreme risk as assets barely cover liabilities.