Outcome of Board Meeting held on 07.02.2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Patspin India reported a net loss of Rs 321 lakhs in Q3 FY26 (Oct-Dec 2025), widening from a Rs 276 lakh loss in the same quarter last year. For the nine-month period, the net loss stood at Rs 860 lakhs versus Rs 730 lakhs a year ago. Revenue from operations was Rs 1,100 lakhs in Q3 (slightly up from Rs 1,078 lakhs) and Rs 3,594 lakhs for nine months (vs Rs 3,600 lakhs). The company booked a Rs 101 lakh exceptional charge in Q3 related to new Labour Codes, and other income was boosted by Rs 149 lakhs of prior-period export benefits. The statutory auditor flagged a 'material uncertainty' on the company's ability to continue as a going concern, citing eroded net worth, cash losses, and ongoing debt restructuring. Management has submitted a resolution plan to lenders (debt restructuring with moratorium and interest reduction) and plans to restart own cotton yarn manufacturing to improve cash flows.
Losses are widening and the auditor has explicitly flagged going-concern doubt — highly negative signal for shareholders. The stock will likely stay under pressure until the lender restructuring plan is approved and own manufacturing resumes, which management says could improve debt servicing and EBITDA.