Q1 FY27 loss widens to Rs 27.02 lakh on new lease rental business

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AI summary

Prabhatam Infra Venture (formerly BJ Duplex Boards) posted Q1 FY27 revenue of Rs 12.75 lakh from a new lease rental business, vs nil a year ago. Total expenses hit Rs 39.88 lakh, driven by Rs 13.12 lakh finance costs and Rs 11.04 lakh depreciation. Net loss widened to Rs 27.02 lakh from Rs 8.64 lakh. Reserves remain negative at Rs (286.45) lakh. Auditor issued unmodified opinion. BSE in-principle approval granted for preferential issue of 20.4 crore shares at Re 1 each.

Likely market impact

Persistent losses and negative reserves signal financial stress. New business is loss-making, though a preferential share issue may bring in funds.