outcome of Board meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nettlinx Ltd reported a significant decline in revenue and turned loss-making for FY2026. Standalone revenue fell to ₹1,208.32 Lakhs from ₹2,271.79 Lakhs in FY2025 (about 47% decline), while standalone PAT was a loss of ₹454.30 Lakhs compared to a profit of ₹568.46 Lakhs in the previous year. Consolidated revenue dropped to ₹2,094.53 Lakhs from ₹3,352.42 Lakhs, with consolidated PAT at a loss of ₹516.95 Lakhs versus profit of ₹824.78 Lakhs. The auditors issued an unmodified opinion on both standalone and consolidated results. The company also appointed new internal auditors (Murthy & Kanth) and re-appointed CFO Mr. Venkateswara Rao Narepalem as Executive Director for 5 years from October 2026.
The steep revenue decline and net loss for FY2026 are serious concerns for shareholders. The company needs to show a clear turnaround strategy. The unmodified audit opinion provides some comfort on financial reporting quality, but the negative earnings and cash losses from consolidated operations signal operational challenges.