Q1 net loss of 121.60 lakhs; revenue down 30%; going concern note

Going ConcernRevenue DeclinePat NegativeResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.1%Reaction day

₹18.51

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+2.0% vs market

Seafood peers, median of 7sector+2.8%-0.7% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 0.7 pts less than its Seafood peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+2.1+0.1+2.0+2.8-0.7

Next day

-3.0+0.2-3.2+0.3-3.2

-5.5+0.6-6.0-1.3-4.2

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-16.3-0.6-15.7-5.4-10.9

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UpDownMarket · Nifty Microcap 250Sector · Seafood peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved Q1 FY27 (June 2026) unaudited results. Revenue from operations fell about 30% to 320.04 lakhs from 456.36 lakhs YoY. Net loss of 121.60 lakhs versus profit of 15.15 lakhs last year, driven by a 378.68 lakhs provision for workforce restructuring. EPS turned negative at 1.88 versus 0.23. Notes flag going concern reliance on pending sale of 180 cents of land in Calicut, with outcome awaited after bid completion. Auditor issued clean limited review report.

Likely market impact

Concerning for shareholders: revenue decline, net loss, and going concern tied to land sale outcome. Workforce restructuring adds large one-time cost.