Standalone unaudited Financial result for the quarter ended 30th June, 2025.
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Nivaka Fashions reported a sharp collapse in business for Q1 FY26, with revenue from operations falling to just Rs. 0.04 lakhs compared to Rs. 130.25 lakhs in the same quarter last year — a near-total wipeout of sales. Total revenue (including other operating income) dropped to Rs. 5.20 lakhs from Rs. 134.60 lakhs year-on-year. The company posted a loss after tax of Rs. 47.65 lakhs, against a profit of Rs. 23.53 lakhs in Q1 FY25. Total expenses stood at Rs. 53.39 lakhs, dominated by employee costs (Rs. 14.67 lakhs) and depreciation (Rs. 11.32 lakhs). The full-year FY25 also ended in a loss of Rs. 50.37 lakhs, showing the company has been struggling for some time. The auditor issued an unqualified limited review report, but flagged an 'Other Matter' regarding unreconciled trade receivables, payables, and deposits.
This is a deeply negative result — revenue has essentially dried up while costs continue, leading to widening losses. For shareholders, this raises serious concerns about the company's going concern and business viability; expect negative sentiment on the stock. The auditor's note on unreconciled balances adds a layer of governance risk.