BSEShree Narmada Aluminium Industries LtdHighNeutral
Announced Tue, 11 Aug, 2026 · 17:52 IST
Q1 FY27 results: auditor flags going concern doubt, revenue nil, net worth eroded
Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved Q1 FY27 (June 2026) results. Revenue from operations was nil; other income of Rs 6.68 lakhs gave a marginal profit of Rs 0.60 lakh. FY26 loss was Rs 68.39 lakhs. Auditor qualified the report, noting net worth fully eroded and significant doubt about going concern, calling it a repetitive qualification. The 2008 rehabilitation scheme was confirmed by the Supreme Court; factory possession regained. Operating cash flow was negative Rs 3.85 lakhs.
Likely market impact
Going concern doubts persist despite Supreme Court backing the rehabilitation scheme. Nil revenue, eroded net worth, and negative cash flow remain red flags.