Submission of unaudited financials results of Quarterly and Nin Months ended as on 31st December, 2025
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Awaiting price reaction for this filing.
Meyer Apparel reported revenue from operations of just Rs. 0.07 lakhs in Q3 FY26 (Dec 2025), down sharply from Rs. 26.26 lakhs in the same quarter last year. For the nine months ended December 2025, revenue collapsed to Rs. 8.78 lakhs versus Rs. 95.10 lakhs a year ago, a drop of over 90%. The company posted a loss of Rs. 16.68 lakhs for the quarter and Rs. 54.58 lakhs for nine months, though narrower than prior year losses. Accumulated losses have grown to Rs. 6,272.19 lakhs, leaving net worth deeply negative at Rs. (3,332.52) lakhs. The auditor has flagged a 'Material Uncertainty Related to Going Concern' but the report is not qualified.
The stock is in deep financial distress with negligible revenue, continued losses, and fully eroded net worth. While the going concern flag is not a formal qualification, shareholders face significant risk as the company's survival depends entirely on management's ability to generate new cash flows or find alternative funding.