Laxmi Cotspin Q1 FY27 results get qualified auditor opinion

Qualified OpinionPat NegativeRevenue DeclineRelated Party TransactionsResults View source PDF Explain this filing

LAXMICOT · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹13.91

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-0.7% vs market

Other Textile Products peers, median of 193sector-0.2%-0.3% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.3 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 193Pending

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AI summary

Laxmi Cotspin Q1 FY27 revenue fell to Rs 3,151 lakh from Rs 4,512 lakh a year ago. The company swung to a net loss of Rs 68.61 lakh standalone versus a profit of Rs 115.57 lakh prior year. Auditor issued a qualified opinion flagging Rs 4,320 lakh unverified inventory, Rs 731 lakh unapproved advance to subsidiary Laxmi Spintex, a Rs 2,227 lakh advance to a creditor showing financial stress, and incomplete land transfer registration. Consolidated net loss widened to Rs 141.32 lakh.

Likely market impact

Auditor qualifications on inventory, related-party advances and land transfer raise governance and recoverability concerns. Revenue drop and swing to loss may weigh on the stock.