Q1 FY27 results: losses widen, auditor flags going concern doubt

Going ConcernQualified OpinionEmphasis Of MatterPat NegativeRevenue DeclineContingent Liabilities IncreasedResults 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

-4.8%Reaction day

₹1.46

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-4.9% vs market

Garments & Apparels peers, median of 37sector+0.0%-4.8% vs sector

On the reaction day the stock moved 4.9 pts less than Nifty Microcap 250 and 4.8 pts less than its Garments & Apparels 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.8+0.1-4.9+0.0-4.8

Next day

-15.1+0.2-15.3-1.5-13.5

-8.9+0.6-9.5-2.0-6.9

-4.1-0.0-4.1-1.9-2.3

-4.8+0.5-5.3-1.8-3.0

-4.1+0.8-4.9-1.6-2.5

-11.6+0.6-12.2-2.2-9.4

15d

-7.5+1.3-8.8-1.2-6.3

-14.4-1.4-13.0-4.2-10.2

-8.9-0.6-8.3-6.3-2.6

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UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 37Pending

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

AI summary

Board approved Q1 FY27 standalone and consolidated results. Standalone revenue was nil; loss before tax rose to Rs 11.13 lakhs from Rs 10.08 lakhs a year ago. Consolidated loss was Rs 11.86 lakhs. The auditor gave a qualified conclusion with a material uncertainty note on going concern, citing eroded net worth, no business activity since FY18, unconfirmed receivables, and non-compliance with Ind AS 19. A Rs 807.46 crore corporate guarantee for subsidiary debt, now NPA, is a key risk.

Likely market impact

Severely distressed firm with nil revenue, rising losses, massive subsidiary debt guarantee, and going concern doubt. High risk for shareholders.