Ekansh swings to ₹3.05 cr loss as CFO quits
Revenue dropped 31% to ₹26.94 cr in FY26, pushing the company into the red. The CFO resigned effective May 30.
— 1 earlier story on Ekansh Concepts Ltd. →What's new
- Ekansh reported a net loss of ₹3.05 cr for FY26, a reversal from a ₹1.89 cr profit.
- Revenue fell 31% to ₹26.94 cr.
- CFO Mahesh Kumar Birla resigned; Neha Beriwala takes over June 1.
Why this matters
The numbers tell a company that shrank fast and lost money doing it. Revenue down a third is bad; swinging from profit to a ₹3 crore loss is worse. On top of that, two senior departures in three months (the CFO and the company secretary) leave a nano-cap with a ₹340 crore market value managing financial and compliance turnover at the same time its core business is deteriorating.
What we're watching
- The new CFO's first steps: cost cuts, a capital raise, or both.
- Whether Q1 FY27 shows revenue stabilising or continuing to shrink.
- Auditor commentary, if any, on the going concern.
The full read
Ekansh Concepts lost ₹3.05 crore in FY26. A year earlier, it made ₹1.89 crore. Revenue fell 31% to ₹26.94 crore. The maths are brutal. Revenue dropped, but losses grew faster, which suggests costs did not follow the top line down. At the same time, CFO Mahesh Kumar Birla quit on May 30, leaving Neha Beriwala to take over on June 1. The company secretary left in March. That is two key departures in three months at a ₹340 crore market cap company that just reported a 31% revenue fall and swung into the red. The new CFO inherits a shrinking business, a loss, and a need to reassure lenders and suppliers while the old one walks out the door.
Questions answered
- How much did revenue fall?
- Revenue dropped 31% to ₹26.94 crore. That decline, combined with fixed costs, was enough to swing the company from a ₹1.89 crore profit to a ₹3.05 crore loss.
- Who left, and who replaced them?
- CFO Mahesh Kumar Birla resigned effective May 30. Neha Beriwala replaces him from June 1. In March, company secretary Hanuman Patel also resigned, replaced by Diksha Chandaliya.
- What does the CFO departure signal?
- The CFO left in the same quarter the company reported a ₹3 crore loss on shrinking revenue. For a ₹340 crore market cap company, having to replace the CFO while fixing the business is a double distraction.
- Is Ekansh profitable again?
- No. FY26 ended with a ₹3.05 crore net loss, versus a ₹1.89 crore profit the prior year. The company has not guided for a recovery.
Ekansh Concepts Ltd.
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All notes on EKANSH →- 25 May 2026 · 6:21 PM IST Ekansh swings to ₹3.05 cr loss as CFO quits
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