Palash Securities Limited has informed the Exchange regarding Board meeting held on August 14, 2025.
PALASHSECU · price
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Awaiting price reaction for this filing.
Palash Securities' Board approved unaudited standalone and consolidated financial results for Q1 FY26 on August 14, 2025. On a consolidated basis, revenue from operations jumped sharply to ₹1,782.65 lakhs from ₹680.8 lakhs in Q1 FY25, but the company swung to a steep net loss of ₹2,828.34 lakhs versus a loss of ₹37.96 lakhs in the year-ago quarter. Standalone results showed a small loss of ₹16 lakhs against a profit of ₹6 lakhs earlier. The auditor's report flagged a 'going concern' issue at subsidiary Morton Foods Limited, whose net worth has substantially eroded due to a quarterly loss of ₹299.44 lakhs. The auditor also noted a deferred tax asset of ₹450.53 lakhs at Morton Foods that may not be supportable without convincing evidence of future profits. Limited review was conducted by Agrawal Subodh & Co. and remained unmodified.
While top-line growth is impressive on a consolidated basis, the massive bottom-line loss and the going concern flag at key subsidiary Morton Foods Limited are red flags for shareholders. The stock could see pressure as the market digests the scale of losses and the uncertainty around the subsidiary's viability, despite revenue growth.