The Audited Financial Statement (Standalone) for the financial year ended March 31, 2026 and Audited Financial Results for the Quarter and Year ended March 31, 2026, along with Statement ....
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Terraform Magnum Limited reported profit of ₹9.58 lakhs for Q4 FY26 compared to a loss of ₹8.54 lakhs in Q4 FY25. Revenue from operations increased significantly to ₹11.13 lakhs from ₹0.18 lakhs year-on-year. However, the company's balance sheet remains severely distressed with negative equity of ₹1,826.63 lakhs as of March 31, 2026. The financial statements have been prepared on a going concern basis despite negative net worth, based on estimated future cash flow projections. A property dispute at Kandivali involving leasehold rights, ongoing litigation, and non-fulfilment of contractual obligations by an assignee remains unresolved. The statutory auditor issued an unmodified opinion but highlighted material uncertainty regarding going concern.
The company returned to profitability this quarter, but the deeply negative net worth and ongoing legal disputes over property rights create significant risk for shareholders. The auditor's going concern flag is a serious red flag despite the clean audit opinion.