Q1 FY27 results approved, Managing Director re-appointed
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Board approved Q1 FY27 results: revenue Rs 577.56 lakhs (down from 634.46 YoY), profit Rs 72.73 lakhs vs loss of Rs 127.21 lakhs last year. EPS Rs 1.47. Profit rebound aided by exceptional gain of Rs 34.64 lakhs from sale of used equipment. MD Jeetender Kumar Agarwal re-appointed. Note: accumulated losses of Rs 1,633.95 lakhs and current liabilities exceed current assets; auditor issued qualified review due to non-provision of TDS interest of Rs 32.78 lakhs.
Mixed for shareholders. Profit rebound aided by one-time gain; core revenue declined. Accumulated losses and qualified audit opinion remain concerns.