| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 0.49 | 609.7% | 46.8% |
| Total Income | 0.88 | 1171.0% | 4.7% |
| Expenditure | 1.63 | 117.3% | 293.0% |
| PBT | -0.75 | 10.2% | 247.4% |
| Net Profit | -0.75 | 10.2% | 247.4% |
| OPM | -22.20% | 20.47pp | |
| NPM | -85.25% | 140.34pp | |
| EPS | 1.95 | 10.2% | 47.7% |
Kandagiri Spinning Mills: Net Worth Eroded in FY26
30 May 2026 · 30 May, 3:44 pm
Summary
Kandagiri Spinning Mills Limited reported a net loss of ₹325.29 lakhs for the fiscal year ended March 31, 2026. The independent auditors provided a qualified opinion, citing the complete erosion of the company's net worth and current liabilities exceeding current assets as of the year-end. These factors, coupled with ongoing losses, raise material uncertainty about the company's ability to continue as a going concern. Management, however, represented that no further adjustments were required in the financial statements even if the going concern concept was not adopted.
Key Highlights
- 1
Kandagiri Spinning Mills Limited's net worth was completely eroded as of the year ended March 31, 2026.
- 2
The company reported a significant net loss of ₹325.29 lakhs for the year ended March 31, 2026.
- 3
As of March 31, 2026, the company's current liabilities were noted to exceed its current assets.
- 4
Auditors issued a qualified opinion, highlighting a material uncertainty regarding the company's ability to continue as a going concern due to continuous losses despite its yarn trading business.
Management Comments
Management
Management has represented in this regard that there is no further adjustments to be made in the carrying values/ financial statements even if the Going Concern Concept is not adopted.
Informational and educational content only. Not investment advice.