Q1FY27 results with multiple audit qualifications and negative net worth
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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 1.9 pts more than Nifty Microcap 250 and 1.9 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q1FY27 results: Standalone net profit Rs 118.36 lakhs vs Rs 98.33 lakhs YoY. Total income Rs 128.26 lakhs, all from other income, no operations. Net worth deeply negative at Rs (6,291.26) lakhs. Auditor qualified opinion with 5 qualifications including going concern uncertainty. SEBI cancelled stock broker registration, NSE declared firm a defaulter, Supreme Court dismissed appeal. Rs 67.05 crore from Classic Credit and Rs 3.56 crore from Panther Investrade flagged doubtful. PNB loan of Rs 46.76 crore has unrecognized interest.
Multiple audit qualifications, negative net worth, and going concern doubt signal severe financial distress. Stock likely to face significant downward pressure.