Un-audited Financial results for quarter ended 30th June 2025 along with the Limited review report
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Awaiting price reaction for this filing.
Miven Machine Tools reported very weak Q1 FY26 results, with revenue from operations plunging to Rs. 2.76 lakhs from Rs. 11.55 lakhs in the same quarter last year (a ~76% decline). The company posted a net loss of Rs. 16.64 lakhs versus a loss of Rs. 15.76 lakhs in Q1 FY25, with basic/diluted EPS of negative Rs. 0.55. Total expenses stood at Rs. 16.64 lakhs, and total assets are just Rs. 16.30 lakhs against outside liabilities of Rs. 584.69 lakhs — meaning net worth is completely eroded. The auditor issued a qualified conclusion because the company did not provide for Rs. 2.81 lakhs in interest on an inter-corporate loan from related party Miven Mayfran Conveyors Pvt Ltd. The auditor also flagged a 'Material Uncertainty Related to Going Concern.'
This is a deeply negative filing for shareholders: revenue has collapsed, losses continue, net worth is fully wiped out, and the auditor has raised serious going-concern doubts. While management cites new promoter support and business plans, the stock is clearly in distress and faces material risk of further value erosion or delisting action.