FY26 results with qualified audit opinion; loss widens

Qualified OpinionEmphasis Of MatterPat NegativeRevenue DeclineNegative Operating CashflowRelated Party TransactionsResults View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.7%Reaction day

₹1.49

prior close

₹1.52

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+0.8% vs market

Trading & Distributors peers, median of 141sector+0.0%+0.7% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 0.7 pts more than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.3

10m

-1.3

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.7-0.2+0.8+0.0+0.7

Next day

-1.3-0.3-1.0-0.9-0.5

-2.7-0.2-2.4-0.6-2.1

-1.3-3.5+2.2-1.9+0.5

-6.0-3.6-2.4-2.3-3.8

-4.0-2.8-1.2-2.0-2.0

-2.7-1.4-1.3-1.8-0.8

15d

-6.7-3.0-3.7-3.8-2.9

-2.7-4.4+1.7-5.7+3.0

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UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 141Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

SRU Steels FY26 revenue Rs. 3,040.46 lakhs, up 20% from Rs. 2,534.37 lakhs. But net loss widened to Rs. (71.94) lakhs vs Rs. (45.88) lakhs. Q4 revenue crashed to Rs. 275.46 lakhs from Rs. 1,585.98 lakhs, posting Rs. (184.24) lakhs loss vs Rs. 63.39 lakhs profit. Auditor gave qualified opinion citing unverifiable inventory, unprovided interest on unsecured loans, and missing interest income. Section 186 lending violations flagged. Cash dropped to Rs. 15.47 lakhs.

Likely market impact

Qualified audit opinion, widening losses, Section 186 violations, and depleted cash raise serious concerns about governance and financial reliability.