Turner Industries posts Rs 3.28 lakh loss for FY24 with zero revenue

Turner Industries Limited reported audited FY24 results with zero revenue from operations and NIL total income. FY24 net loss was Rs 3.28 lakh vs Rs 6 lakh loss in FY23. Q4 FY24 loss was Rs 1.17 lakh. Reserves are negative at minus Rs 386.28 lakh versus share capital Rs 401.31 lakh, leaving net worth barely positive at Rs 35.54 lakh. Auditor A John Moris and Co gave an unqualified opinion. Cash balance fell to Rs 0.88 lakh. The property development segment had no business activity during the year.