Announced Thu, 16 Jul · 17:14 IST
Terraform Magnum Q1 FY27: loss, going concern flagged
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Terraform Magnum posted Q1 FY27 revenue of about 1113 lakhs, nearly flat versus 1116 lakhs a year ago. The company slipped to a small loss of 1.89 lakhs against a profit of 9.58 lakhs in Q1 FY26. Net worth remains deeply negative at minus 1850.63 lakhs. The auditor added a material uncertainty note on going concern plus an emphasis of matter on Bombay High Court litigation over a Kandivali property, where revenue recognition has been deferred under Ind AS 115.
Likely market impact
Negative net worth, going concern uncertainty, and unresolved litigation pose serious risks for shareholders.