We herewith enclosed the unaudited Standalone and Consolidated Financial Results of the Company for the first quarter ended 30th June 2025 as approved by the Board of Directors together ....
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Awaiting price reaction for this filing.
Satchmo Holdings reported weak Q1 FY26 results with revenue from operations falling to Rs 8 lakh on a standalone basis (vs Rs 31 lakh in Q1 FY25, a ~74% YoY decline) and Rs 13 lakh on a consolidated basis (vs Rs 183 lakh, a ~93% YoY decline). The company posted a standalone loss after tax of Rs 227 lakh and a consolidated loss of Rs 261 lakh, compared to a profit of Rs 2,923 lakh and Rs 2,935 lakh respectively in Q1 FY25 (those profits were largely driven by one-time exceptional items of Rs 3,250 lakh/Rs 3,213 lakh which are absent this quarter). Diluted EPS stood at Rs (0.16) standalone and Rs (0.18) consolidated. The statutory auditor issued an adverse review opinion on both standalone and consolidated results, flagging going-concern risks arising from accumulated losses, negative net worth, defaults on bank dues, and ongoing NCLT proceedings. A financial creditor (JCF ARC) has filed IBC Section 7 proceedings against the company for an outstanding of Rs 38,595 lakh, and the company is in default on one-time settlement obligations to JCF ARC and HDFC totalling over Rs 8,500 lakh, with massive disputed liabilities of Rs 48,233 lakh (standalone) and Rs 1,11,664 lakh (consolidated).
This is a deeply distressed filing: an adverse audit opinion, a going-concern qualification, ongoing NCLT insolvency proceedings, and massive disputed liabilities make this a high-risk stock. Shareholders face real possibility of value erosion if IBC proceedings advance; the auditor has explicitly stated the financials may not give a true and fair view. Expect continued negative price action and elevated credit/default risk.