Next Mediaworks Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
NEXTMEDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Next Mediaworks Limited reported audited financial results for FY2026. Total income was Rs. 56 lakhs (up from Rs. 20 lakhs in FY2025), but the company posted a net loss of Rs. 528 lakhs compared to a profit of Rs. 394 lakhs in the prior year. The balance sheet shows severely eroded net worth with negative equity of Rs. 3,536 lakhs. Critically, management has assessed that the company is no longer a going concern as it has no business operations, no operating cash flows, and no definitive business plans. An exceptional loss of Rs. 72 lakhs was recognized for impairment of GST Input Tax Credit due to the going concern issue. The auditors issued an unmodified opinion but included an Emphasis of Matter paragraph highlighting the going concern doubt. Borrowings of Rs. 3,892 lakhs are due for repayment in August 2027.
The company is effectively a shell with no active business and negative equity. Shareholders face extreme risk as the company may face liquidation or restructuring. The stock is likely to remain under severe pressure given the going concern qualification and absence of any operational revival plan.