The Audited Financial Statements (Standalone) for the financial year ended March 31, 2026 and Audited Financial Results for the Quarter and Year Ended March 31, 2026 along with the Statement ....
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Terraform Magnum Limited reported Total Income of Rs. 11.13 lakhs for FY 2025-26, a significant improvement from Rs. 0.18 lakhs in the previous year. The company posted a Profit After Tax of Rs. 9.58 lakhs compared to a loss of Rs. 8.54 lakhs in FY 2024-25. However, the company's net worth remains deeply negative at Rs. (1,826.63) lakhs as at March 31, 2026. The Board declared an unmodified audit opinion, though auditors flagged a material uncertainty regarding going concern due to negative net worth. Additionally, there is an ongoing legal dispute with an assignee regarding a property at Kandivali (East), pending before the Bombay High Court, where revenue recognition has been deferred under Ind AS 115.
While the company returned to profitability, the deeply negative net worth and ongoing litigation create significant risk. Shareholders should note the going concern uncertainty and the fact that FY 2025-26 revenue appears largely driven by a single property transaction with disputed completion.