Q1 FY27 results show wider losses; auditor flags cash losses
MVELECTRO · price
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Board approved Q1 FY27 results with revenue of Rs 127.71M, down from Rs 134.48M YoY. Loss before tax widened to Rs 80.38M vs Rs 49.29M in Q1 FY26. Loss after tax stood at Rs 68.86M. Auditor flagged a cash loss of Rs 66.68M, the second consecutive quarter of cash losses, and reviewed the going concern assumption. New Secretarial and Internal Auditors were also appointed. 17th AGM set for September 29, 2026.
Persistent cash losses raise going concern flags; stock may stay under pressure until operations improve.