Q1 FY27 Results: Loss of Rs 1.47 Cr Consolidated on MFL Woes
PALASHSECU · price
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On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 1.9 pts less than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Palash Securities reported Q1 FY27 standalone net loss of Rs 5.47 lakhs (vs Rs 5.76 lakh loss YoY) on total income of Rs 12.45 lakhs. Consolidated net loss stood at Rs 146.54 lakhs (vs Rs 302.23 lakh) driven by Rs 158.52 lakh share of loss from associate Morton Foods (MFL). Auditor flagged material going concern uncertainty at MFL, whose net worth has substantially eroded after a Rs 352.66 lakh quarterly loss.
Going concern flag at associate MFL and quarterly losses may weigh on sentiment; consolidated losses driven mainly by MFL share.