Statement of Unaudited Standalone Financial Results for quarter and nine months period ended 31.12.2025
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Awaiting price reaction for this filing.
Patspin India reported a wider net loss of Rs 321 lakhs for Q3 FY26 against a Rs 276 lakhs loss in Q3 FY25, taking the nine-month loss to Rs 860 lakhs vs Rs 730 lakhs a year ago. Revenue from operations was largely flat at Rs 1,100 lakhs for the quarter and Rs 3,594 lakhs for nine months. The statutory auditor flagged a material uncertainty on the company's ability to continue as a going concern, citing eroded net worth (Other Equity at negative Rs 11,587 lakhs), cash losses of Rs 247 lakhs for the quarter, and sub-standard loan accounts with lenders since March 2021. The company has submitted a fresh resolution plan to lenders (moratorium on interest, rate cut, fresh working capital) which has cleared a TEV viability study and is awaiting approval, after which it plans to resume own cotton yarn manufacturing. An exceptional charge of Rs 101 lakhs was booked for incremental liability arising from the four new Labour Codes notified in November 2025.
Negative — persistent losses, fully eroded book value, and an explicit going-concern uncertainty mean shareholders face elevated risk; the stock is likely to stay weak until lenders approve the debt restructuring plan.