Q1FY27 results revenue jumps on new plant but losses persist
Awaiting price reaction for this filing.
Q1FY27 revenue at Rs 84.47 crore (versus Rs 1.83 crore YoY) as commercial production at the new plant began December 2025. Standalone net loss was Rs 30.63 crore versus Rs 23.27 crore earlier. Consolidated loss deepened to Rs 80.73 crore (versus Rs 43.47 crore) hit by associate losses. Auditors flagged going concern uncertainty, qualified the standalone review over unprovided NSE and BSE penalties, and disclaimed conclusion on consolidated review due to missing subsidiary data. Debt-equity ratio stands at 2.75 times. Non-core asset monetisation is in progress.
Going concern flagged by auditors with high 2.75x debt-equity and widening consolidated losses. New plant revenue ramp-up is positive, but sustained losses remain a key risk.