Unaudited quarterly results for the quarter ended 30.06.2025
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Awaiting price reaction for this filing.
Sri Lakshmi Saraswathi Textiles reported a net loss of Rs. 377.05 lakhs for Q1 FY26 (quarter ended 30 June 2025), narrower than the Rs. 619.19 lakh loss in the same quarter last year. Net sales declined to Rs. 2,197.69 lakhs from Rs. 2,326.90 lakhs year-on-year, a drop of about 5.5%. Total expenses fell to Rs. 2,600.95 lakhs, mainly due to lower raw material costs, though employee costs and finance costs rose. Loss per share stood at Rs. 11.31 versus Rs. 18.58 a year ago. The statutory auditor issued a qualified opinion, flagging accumulated losses of Rs. 9,195.89 lakhs, negative net worth, and three straight years of losses, raising serious going concern doubts. The auditor also highlighted Rs. 88.35 lakhs in unpaid EPF and Rs. 4.09 lakhs in unpaid ESI dues, which management has committed to clear in upcoming quarters.
This is a deeply negative filing for shareholders — the company is loss-making, its net worth is wiped out, and the auditor has formally questioned its ability to continue as a going concern. Unpaid statutory dues add to governance and compliance risk. Expect the stock to react negatively and remain under pressure until the company demonstrates a clear path to profitability and clears its provident fund liabilities.