Q1 FY27 Results: Loss, Revenue Drops, Auditor Flags Gratuity Issue
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Southern Infoconsultants Q1 FY27 (June 30, 2026): standalone revenue fell to Rs. 43 lakhs from Rs. 87.57 lakhs year-on-year. Standalone net loss of Rs. 23.90 lakhs versus Rs. 25.69 lakhs loss last year. Consolidated net loss Rs. 15.80 lakhs after Rs. 4.10 lakhs share from associate. Expenses of Rs. 75.61 lakhs exceeded income of Rs. 50.17 lakhs. Auditor flagged a qualified opinion due to non-provision of gratuity under Ind AS 19, plus emphasis of matter on unconfirmed trade balances, weak MSME vendor controls, and Rs. 405.50 lakhs unsupported work-in-progress inventory.
Continued losses, falling revenue, and auditor qualifications signal weak financials and governance concerns that may weigh on investor sentiment.