Q1 FY27 results — going concern doubt, qualified opinion
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SRM Energy posted a Q1 FY27 profit of Rs. 350.54 lakhs, entirely from a one-time Rs. 357.40 lakh loan write-back shown as other income. No revenue from operations as the company has no active business. Net worth fully eroded at negative Rs. 1,284.66 lakhs. Auditor issued a qualified opinion citing material going concern uncertainty.
Distress stock. Profit is artificial from loan write-back. Going concern doubt and fully eroded net worth are major red flags for investors.