Q2 loss of Rs 107 cr despite Rs 785 cr revenue jump; auditor flags interest issue

Alstone Textiles reported Q2 FY27 revenue of Rs 784.88 crore, a massive jump from Rs 2.22 crore in Q2 FY26. However, the company posted a loss of Rs 106.72 crore versus a profit of Rs 6.49 lakh a year ago. Operating cash flow was deeply negative at Rs 1,013.93 crore. Auditor VRSK and Associates flagged that interest on loans was not provided. Board confirmed no deviation in use of Rs 500 crore raised via preference shares.