Q1FY27 results: auditor disclaims conclusion; revenue falls 59%

Going ConcernRevenue DeclineNegative Operating CashflowEbitda Margin CompressionResults View source PDF

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Board approved Q1FY27 results for quarter ended June 30, 2026. Revenue fell to Rs. 104.50 lakhs from Rs. 253.13 lakhs, about a 59% drop. Net profit dropped to Rs. 5.64 lakhs from Rs. 78.50 lakhs. Auditor disclaimed conclusion citing unconfirmed trade balances, dividend payouts with only Rs. 15,811 in bank, no operating cash flows, and unverified Rs. 5.39 crore quasi-equity write-off. MD category changed from promoter to professional director.

Likely market impact

Serious red flags: auditor disclaimed review conclusion, no operating cash flows, and revenue halved. Going concern doubts raised.