Q1 FY27 net loss Rs 15.6 cr as manufacturing stays shut

Going ConcernQualified OpinionRevenue DeclinePat NegativeResults View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-11.8%Reaction day

₹19.04

prior close

₹18.21

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-11.9% vs market

Iron & Steel Products peers, median of 99sector-0.2%-11.6% vs sector

On the reaction day the stock moved 11.9 pts less than Nifty Microcap 250 and 11.6 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-4.4

10m

-2.9

15m

-4.7

30m

-3.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-11.8+0.2-11.9-0.2-11.6

Next day

-15.5+0.2-15.8-0.3-15.3

-16.5+0.4-16.8-0.0-16.4

-16.0+0.7-16.7-0.1-15.9

-19.1+0.1-19.3-0.3-18.8

-16.2+0.7-16.9-0.6-15.6

-11.3+1.2-12.5+0.2-11.5

15d

-13.9+0.7-14.6+2.3-16.1

-17.5-1.2-16.3+0.4-17.9

-21.4-1.1-20.2-1.8-19.6

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 99Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Rathi Bars posted a net loss of Rs 15.6 crore in Q1 FY27 versus a profit of Rs 84 lakh YoY. Revenue collapsed to Rs 18.5 lakh from Rs 368.6 crore as manufacturing remains suspended due to tax searches, pollution curbs, and power tariff hikes. Bank loans of about Rs 304 crore have been classified as NPA. Auditor flagged material uncertainty on going concern status citing asset monetization plans and a Rs 212 crore provision for doubtful debts. A writ petition is pending before the Rajasthan High Court.

Likely market impact

Severely negative. Going concern doubt, suspended operations, NPA loans, and near-zero revenue raise serious solvency risks for shareholders.