Results along with Covering Letter and Limited Review Report of the Auditors attached separately
Awaiting price reaction for this filing.
Niwas Spinning Mills reported a net loss of ₹3.93 lakhs in Q1 FY26 (quarter ended 30 June 2025), compared to a profit of ₹1.63 lakhs in the same quarter last year and ₹3.77 lakhs in Q4 FY25. Total income collapsed to just ₹0.15 lakhs from ₹2.79 lakhs a year ago, while total expenses surged to ₹4.08 lakhs from ₹1.16 lakhs, mainly due to higher 'other expenses' of ₹3.73 lakhs. EPS turned negative at (₹0.02) versus ₹0.01 in Q1 FY25. The company's reserves remain deeply negative at (₹2,001.75 lakhs) against a paid-up equity capital of ₹1,408.93 lakhs, indicating accumulated losses exceed share capital. The company's note mentions the statutory auditors issued a qualified opinion, though the review report text included appears standard.
Sharp revenue drop combined with a swing to losses and deeply negative reserves is a red flag for shareholders — the textile business appears to have effectively stalled in Q1 FY26, and solvency concerns may weigh on the stock. The qualified opinion flagged by management also adds an audit quality concern.