Orchasp Q1 results: auditor flags qualified opinion, revenue drops 73%

Qualified OpinionRevenue DeclineContingent Liabilities IncreasedResults View source PDF Explain this filing

ORCHASP · price

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AI summary

Orchasp's board approved Q1 FY27 (ended 30 June 2026) results. Revenue from operations fell to Rs 208.37 lakhs from Rs 775.19 lakhs year on year, about a 73 percent drop. PAT was Rs 28 lakhs versus Rs 54.22 lakhs. Auditor JMT and Associates issued a qualified opinion flagging three concerns: Rs 6,825 lakhs investment in a cancelled Portugal subsidiary now transferred to a new US arm, trade receivables and payables overdue over 6 months, and unpaid TDS and statutory dues due to liquidity constraints.

Likely market impact

Qualified auditor opinion, steep revenue fall, unpaid statutory dues, and a doubtful overseas investment raise serious concerns about financial health and governance.