Binny Mills deepens annual losses to ₹1,942.66 lakhs
High finance costs keep the nano-cap in a spiral as net worth remains deeply negative at ₹24,801.23 lakhs.
— 2 earlier stories on Binny Mills Ltd. →What's new
- Net loss climbed to ₹1,942.66 lakhs from ₹1,270.55 lakhs last year.
- Finance costs totalled ₹1,889.64 lakhs, nearly matching the annual loss.
- Negative net worth stands at ₹24,801.23 lakhs.
Why this matters
These results confirm that the company's financial distress remains entrenched. With finance costs nearly mirroring the total net loss, Binny Mills provides little evidence of a path toward solvency.
What we're watching
- Developments regarding the pending litigation noted in the audit report.
- Resolution of related-party loans flagged by auditors.
- Any shift in the company's capital structure.
The full read
Binny Mills ended FY26 in deeper arrears. The company recorded a net loss of ₹1,942.66 lakhs, a sharp climb from the ₹1,270.55 lakhs reported in the prior year.
Finance costs remain the primary drain on the firm, accounting for ₹1,889.64 lakhs of the total loss while the company's balance sheet bears the mark of this chronic struggle, showing a negative net worth of ₹24,801.23 lakhs.
Auditors have issued their report with an emphasis of matter regarding existing litigation provisions and outstanding related-party loans. None of this surprises. It is a business that continues to lose money faster than it can fund its own operations.
Binny Mills Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on BINNYMILLS →- 22 May 2026 · 1:10 PM IST Binny Mills deepens annual losses to ₹1,942.66 lakhs
- 31d ago Binny Mills control shifts to Sisters group in family settlement
- 60d ago Binny Mills' loss deepens. Finance costs are now the entire problem.