Pursuant to the Regulation 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors at their meeting held on today i.e. 14th August, 2025, have, approved the Un-audited Financial Results of the Company for the quarter ended 30th June, 2025 along with Limited Review Report issued by the Statutory Auditors thereon.
MODTHREAD · price
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Modern Threads (India) Limited announced its unaudited financial results for Q1 FY2026 (quarter ended 30 June 2025). Revenue from operations rose to Rs. 6,986.41 lakhs from Rs. 5,805.24 lakhs in the same quarter last year, a growth of about 20%. Total income stood at Rs. 7,161.39 lakhs, and the company swung to a small net profit of Rs. 0.63 lakhs compared to a loss of Rs. 6.78 lakhs in Q1 FY2025. EPS was Rs. 0.0018. The statutory auditor (S.S. Surana & Co.) issued a Qualified Conclusion, flagging that the company has not provided for cumulative preference share dividend of Rs. 1,056.75 lakhs (Rs. 9.01 lakhs for the quarter) and that trade payable/receivable balances remain unconfirmed. A wholly owned UK subsidiary (Modern Woollens UK Ltd) was incorporated in November 2024 but has not yet started operations.
Revenue growth of 20% is a positive signal, but profitability is negligible (Rs. 0.63 lakh PAT) and the auditor's qualified report along with the large unpaid preference share obligation of over Rs. 10.5 crore is a red flag for retail investors. The stock may see limited near-term enthusiasm given the weak bottom line and persistent audit qualifications.