Unaudited Financial results for the quarter and half year ended on 30th September, 2025 along with the Limited review Report submitted by the auditor of the company.
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Awaiting price reaction for this filing.
Meyer Apparel reported nearly negligible revenue of just ₹0.05 lakh in Q2 FY26, down sharply from ₹38.22 lakh in Q2 FY25, while H1 FY26 revenue collapsed to ₹8.07 lakh from ₹68.84 lakh a year ago. The company posted a loss of ₹19.05 lakh for the quarter (vs ₹29.91 lakh loss) and ₹37.90 lakh for the half-year. Accumulated losses have swelled to ₹6,255 lakh, completely eroding its net worth to a negative ₹3,315.33 lakh, and current liabilities of ₹3,380.90 lakh far exceed total assets of just ₹71.03 lakh. The auditor flagged a 'Material Uncertainty Related to Going Concern', though management remains confident of generating future cash flows. Operating cash outflow for H1 was ₹23.03 lakh, partly funded by fresh borrowings of ₹22.62 lakh.
This is a deeply distressed micro-cap company with fully eroded net worth, near-zero operations, and an explicit going-concern warning from the auditor — extremely high risk for shareholders and a strong caution signal for the stock.