Minaxi Textiles Q1 FY27 PAT falls 94 percent; going concern flagged
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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 4.0 pts more than Nifty Microcap 250 and 4.4 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Minaxi Textiles reported Q1 FY27 revenue of 588.99 lakh, up from 537.06 lakh a year ago. However profit after tax dropped 94 percent to 10.34 lakh versus 183.26 lakh. Total income fell to 590.63 lakh from 840.09 lakh as other income normalised. Other equity is negative at minus 74.06 lakh. The auditor highlighted going concern, noting historical cash losses, a debt restructuring in FY22, and negative net worth. EPS fell to 0.02 from 0.37.
Sharp profit drop, negative net worth, and going concern flag from auditor are serious red flags for shareholders and raise solvency risk.