Financial Results for the Quarter and Year ended 31.03.2026
MCLEODRUSS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
McLeod Russel India Limited received an adverse opinion from its statutory auditors (Lodha & Co LLP) for FY2026. Revenue declined to Rs. 97,482 lakhs from Rs. 102,436 lakhs in the previous year. The company reported a loss before tax of Rs. 34,286 lakhs, though the loss after tax improved to Rs. 9,086 lakhs from Rs. 19,636 lakhs in FY2025. The auditors flagged Inter Corporate Deposits of Rs. 2,86,050 lakhs given to promoter group entities as doubtful of recovery, with Rs. 2,44,629 lakhs already provided for. Debt restructuring plans with NARCL (Rs. 2,48,330 lakhs) and JCAF (Rs. 74,966 lakhs) have been approved, with unsustainable debt of Rs. 1,28,895 lakhs adjusted as exceptional items. The company's equity has turned negative at Rs. 13,070 lakhs, and current liabilities exceed current assets by Rs. 104,567 lakhs.
The adverse auditor opinion and negative equity position indicate severe financial distress. The stock is likely to face strong negative market reaction. The pending execution of restructuring agreements and ongoing regulatory scrutiny over ICDs create significant uncertainty for shareholders. Recovery depends entirely on successful implementation of debt restructuring and future operational profitability.