Turner Industries Q1 FY27 net loss Rs 0.31 lakh, revenue nil
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Turner Industries (formerly Laser Diamonds) reported Q1 FY27 results with zero revenue from operations. Net loss stood at Rs 0.31 lakh, same as preceding quarter and year-ago quarter. No revenue has been recorded across the last three quarters. Total expenses of Rs 0.31 lakh were mainly rent and conveyance. EPS was minus Rs 0.01. Reserves remain deeply negative at Rs 386.28 lakhs against equity capital of Rs 401.31 lakhs. Borrowings of Rs 40.03 lakhs are entirely a loan from a director. Cash balance is just Rs 0.67 lakh. Auditor issued an unmodified limited review report.
Company remains a non-operating shell with continued losses, negative reserves, and weak cash. Persistent going-concern risk for shareholders.