Meyer Apparel Q1 FY27 results — auditor flags going concern uncertainty
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250 and 4.7 pts more than its Gems, Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Meyer Apparel reported a loss of Rs. 70.33 lakh in Q1 FY27 (quarter ended June 30, 2026). Accumulated losses stand at Rs. 6,366.45 lakh, fully eroding net worth. Current liabilities exceed current assets by Rs. 3,426.16 lakh. The auditor flagged a material uncertainty related to going concern but the review report is not modified. Management is confident of generating cash flows and exploring new funding avenues. Basic EPS was negative Rs. 0.10.
Serious going concern flag with recurring losses and eroded net worth. High risk for shareholders — stock may face pressure.