We would like to inform you that the Board of Directors of the Company at its meeting held on 25th July, 2025 has inter-alia considered, discussed and approved the Un-Audited Financial ....
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Saffron Industries reported a loss of ₹9.20 lakhs in Q1 FY26, reversing the ₹291.32 lakh profit made in the preceding quarter (Q4 FY25). Revenue from operations stood at ₹309.56 lakhs, slightly lower than ₹338.26 lakhs in Q4 FY25, with all revenue coming from the Construction & Real Estate Development segment; the Paper Manufacturing segment recorded zero operating revenue and a segment loss of ₹194 lakhs. Total expenses ballooned to ₹319.55 lakhs, driven by depreciation of ₹134.80 lakhs and inventory changes. The balance sheet continues to show negative net worth of ₹(985.93) lakhs as of June 30, 2025, with accumulated losses of ₹1,704.45 lakhs wiping out the entire equity share capital of ₹718.52 lakhs. Cash flow from operations was positive at ₹45.99 lakhs, leaving closing cash balance of ₹163.22 lakhs. The auditor's Limited Review Report is clean with no qualifications.
Negative net worth signals serious financial weakness and a potential going-concern risk; the loss-making paper division continues to drag overall profitability, while the real estate segment remains the sole profit driver — shareholders should monitor the company's ability to reduce accumulated losses and revive the paper business.