Q1 FY27 results - auditor issues adverse conclusion on going concern
MCLEODRUSS · price
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McLeod Russel India reported Q1 FY27 results. Revenue rose to Rs. 20,445 lakhs (vs Rs. 16,803 lakhs YoY). Loss narrowed to Rs. 1,478 lakhs from Rs. 4,013 lakhs. Auditor Lodha and Co issued an adverse conclusion flagging Rs. 2,76,109 lakhs ICDs to promoter group with Rs. 41,421 lakhs unprovided, Rs. 17,148 lakhs unrecognised interest, and going concern doubts. Current liabilities exceed current assets and net worth is negative at Rs. 91,189 lakhs.
Auditor adverse conclusion, going concern uncertainty, and negative net worth signal severe financial stress; debt restructuring outcome remains critical.