Mcleod Russel India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
MCLEODRUSS · price
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Mcleod Russel India reported Q1 FY26 standalone revenue of Rs. 16,803 lakhs, up about 11.4% from Rs. 15,080 lakhs a year ago, but losses widened to Rs. 4,013 lakhs (from Rs. 3,643 lakhs). Loss per share stood at Rs. 3.84, and other equity is deeply negative at minus Rs. 34,174 lakhs. The statutory auditor Lodha & Co LLP issued an adverse conclusion on both standalone and consolidated results, flagging huge unresolved issues. These include Rs. 2,86,050 lakhs of Inter-Corporate Deposits given to promoter group entities that are doubtful of recovery, with only Rs. 1,01,039 lakhs provided for. The auditor also highlighted material uncertainty about the company's ability to continue as a going concern, given that current liabilities exceed current assets, net worth is eroded, and statutory dues of Rs. 18,838 lakhs are unpaid. Separately, the board approved voluntary delisting from the Calcutta Stock Exchange (shares will continue trading on BSE and NSE), re-appointment of an Independent Director, and appointment of a new Secretarial Auditor.
This is a deeply negative filing for shareholders — an adverse audit opinion, persistent losses, negative net worth, and unresolved promoter group exposures of nearly Rs. 2,900 crore keep the stock in very high-risk territory. The going concern overhang and pending NARCL debt resolution mean investors should expect continued volatility and uncertainty around the share price.