Radha Madhav Q3 FY23 results filed; auditor flags going concern

Radha Madhav filed Q3 FY23 (Dec 2022) unaudited results after the exchange sought clarification. Q3 revenue from operations was Rs 0.74 million versus Rs 0.60 million a year ago. Nine-month revenue dropped to Rs 1.60 million from Rs 2.78 million. Net loss for Q3 was Rs 2.21 million and 9M loss was Rs 6.15 million. Auditor Ajay Shobha and Co flagged the going concern basis as an emphasis of matter. The company noted new promoters inducted new directors and the earlier business has been discontinued.