Unaudited Financial Results for the quarter ended 30.06.2025
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Aananda Lakshmi Spinning Mills reported a net loss of ₹220.92 lakhs for Q1 FY26 (quarter ended June 30, 2025), compared to a profit of ₹8.75 lakhs in the year-ago quarter. Revenue from operations fell sharply to ₹20.85 lakhs from ₹57.79 lakhs in Q1 FY25, a drop of about 64%. The loss was driven by exceptional items totalling ₹206.33 lakhs, which include a write-off of uncollectible export duty credit (₹176.02 lakhs) and a cross-subsidy surcharge (₹30.31 lakhs). The company has accumulated losses of ₹3,670.51 lakhs and current liabilities exceed current assets, though management continues to prepare accounts on a going concern basis citing expected market value of new activity. The auditor (K.S. Rao & Co) issued a qualified conclusion because no provision was made for interest on unpaid TDS dues of ₹19.25 lakhs.
This is a clearly negative quarter with a swing to a loss, steep revenue decline, and heavy exceptional write-offs that highlight underlying financial weakness. Shareholders should note deeply negative reserves of ₹(1,885.26) lakhs and the auditor's qualified view, which together point to a stressed and high-risk business situation.