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Nilachal Refractories Limited published its audited financial results for Q4 FY26 and the full year ended March 31, 2026, in Business Standard and Pratidin newspapers. The company reported a Q4 net loss of Rs 43.63 lakh, a sharp reversal from Q4 FY25 profit of Rs 15.60 lakh. Full-year total revenue fell to Rs 158.22 lakh from Rs 237.99 lakh in the prior year. The company reported a massive full-year net loss of Rs 2,210.45 lakh, significantly worse than the prior year's loss of Rs 492.64 lakh. Basic and diluted EPS stood at negative Rs 10.81 per share for FY26, compared to negative Rs 2.38 in FY25. Retained earnings deficit stood at Rs 3,279.16 lakh, indicating negative shareholder funds.
The company is in severe financial distress with mounting losses and negative net worth. Shareholders face extreme risk as the stock (BSE: 502294) is likely a stressed or low-priced asset with no near-term recovery visible from these numbers.