Williamson Magor & Company Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
WILLAMAGOR · price
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Williamson Magor reported its unaudited results for the quarter and nine months ended December 31, 2025, with the auditor issuing a qualified conclusion. The company's net worth has been fully eroded, and the auditor flagged material uncertainty about its ability to continue as a going concern, noting it depends on continued lender and promoter support. Total income fell sharply versus the prior year period, and the company posted a consolidated loss after tax of about Rs. 196.79 crore for the nine months. A major new risk is an ICC arbitration award of Rs. 508.96 crore against the company (jointly with seven others) tied to a default on loans from InCred/Real Touch Finance, which the company has challenged in the Delhi High Court. The company also defaulted on IL&FS debentures, has not recognised interest expense of about Rs. 32.33 crore on inter-corporate borrowings for 9M FY26, and its NBFC registration remains cancelled with a writ petition pending.
This is a deeply negative filing for shareholders. The auditor has qualified the results and explicitly questioned the going concern assumption, while a Rs. 508+ crore arbitration liability looms if the Delhi High Court appeal fails. With fully eroded net worth, ongoing loan defaults, and NBFC registration issues, the equity carries significant risk and limited visibility on recovery.