Audited Financial Results for the quarter and financial year ended March 31, 2026
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Krishna Filament Industries Limited reported a net loss of Rs. 0.35 lakhs for FY2026, a decline from a profit of Rs. 0.55 lakhs in FY2025. Total income for the year stood at just Rs. 8.56 lakhs, while total expenses were Rs. 8.35 lakhs. The balance sheet shows significant concerns with negative equity of Rs. 284.62 lakhs (meaning liabilities exceed assets) and borrowings of Rs. 284.65 lakhs against total assets of only Rs. 71.16 lakhs. The statutory auditor M/s. P R Agarwal & Awasthi issued an unmodified (clean) opinion on the results.
The company is in financial distress with negative net worth and borrowings far exceeding assets. While auditors gave a clean opinion, the negative equity position raises serious concerns about the company's ability to continue as a going concern. Shareholders face extreme risk given the precarious financial state.