Notes archive.
Hinduja Global's profit falls 95% as AI pivot costs bite
Full-year net profit fell to ₹4.94 crore from ₹100.72 crore. Revenue was flat at ₹4,857 crore, so the hit is entirely a cost-line story.
NCL Research's annual loss doubles as auditor flags ₹38 cr in unverified loans
Q4 brought a ₹5.59 cr net loss on ₹28 lakhs of income. The auditor cannot confirm interest terms on loans equal to two-thirds of the company's market cap.
NMDC Steel posts ₹58.72 cr profit after a ₹2,373.78 cr loss the year before
The Nagarnar plant has moved from a capital-intensive startup to a profitable operation. Full-year revenue jumped 60% to ₹13,641.81 crore as production scaled.
Mittal Sections' ₹148.58 cr revenue grows 8.5%, but profit is flat.
The nano-cap's top line expanded, but net profit barely moved at ₹3.45 cr as operational costs appear to have risen.
Lancer flips to ₹10.9 cr Q4 profit after a year of 44% revenue loss
A quarterly swing from a ₹32.4 cr loss to a ₹10.9 cr profit marks a sharp recovery. But the full year's revenue still collapsed 44%.
Le Lavoir doubles revenue as farm purchases dominate
Consolidated revenue jumped to ₹6.64 cr in FY26, with agricultural subsidiaries contributing ₹5.07 cr. Net profit grew 67%.
Shikhar Consultants ends FY26 with zero revenue and a ₹10.85 lakh loss
The nano-cap NBFC has no core business activity, and its balance sheet is down to ₹31,851 in cash.
Raama Finance went from ₹37 lakh revenue to ₹12 crore in a year.
The nano-cap NBFC’s net profit jumped to ₹3.24 crore in FY26 as interest income scaled up dramatically. Q4 alone delivered ₹2.63 crore in profit.
PAN HR's profit shrinks as most of its IPO cash sits idle
A nano-cap posted a year-on-year decline in revenue and profit for FY26. A certificate shows most of its ₹14.04 crore IPO proceeds remain unspent.
Thirani Projects posts FY26 results; no dividend, routine changes
The board approved audited Q4 and full-year numbers for the year ended March 2026. The filing includes standard governance changes for a company with an ₹8 cr market cap.
Sword-Edge posts first revenue in years, auditor drops qualifications
The nano-cap reports ₹205.56 lacs in FY26 sales and gets an unmodified audit opinion, a reversal from prior red flags over unverifiable assets.
Stellar Capital flips to loss; auditor flags its ₹52.65 cr loan book
The operating loss is small. The auditor's warning on credit-risk modeling for a loan book three times the company's market cap is not.
Twamev posts ₹9.1 cr profit but its auditor won't stand behind the numbers
A modified opinion flags repeat accounting flaws and a ₹986 cr NHAI claim for a firm still waiting on a credit upgrade after insolvency.
Thinkink's auditor can't verify its books. Revenue fell 72%.
Chandabhoy & Jassoobhoy disclaimed Thinkink's FY26 results, citing a near-total lack of documentation. The company's revenue fell 72% in the same period.
Cerebra's auditor disclaims the accounts as losses swell to ₹71.64 cr
The company is already in CIRP. The Q4 and full-year results, filed a year late, show revenue collapsed to ₹5.96 crore and the auditor refused to sign off.
Ekam Leasing loss doubles as it fails RBI capital test
The nano-cap NBFC's auditors questioned its survival and flagged a broken regulatory clock. The company is merging subsidiaries to fix its balance sheet.
Tilaknagar's Imperial Blue deal lifted revenue 68%. The one-off bill was ₹232 cr.
Revenue surged to ₹5,247.6 crore on the brand's consolidation, but a one-off acquisition cost crushed the bottom line to ₹20.9 crore.
Bharat Textiles posts full-year profit but Q4 slips to a loss.
FY2026 net profit rose to ₹33.13 lakh, but the fourth quarter swung to an ₹86.73 lakh loss versus a ₹46.91 lakh profit a year ago.
Shiva Suitings filed FY2025 results a year late. It had already filed FY2026.
The nano-cap filed 2025 audited accounts on May 29, 2026. It had already disclosed FY2026 figures showing revenue down to ₹1.16 crore.
Rubicon's profit doubled. Its factory is still a year away.
Q4 revenue jumped 44% to ₹514 cr, but reliance on outsourced manufacturing is squeezing gross margins. Pithampur commissioning is the fix.
Groarc burned ₹19.37 cr in operations last year. Its market cap is ₹14 cr.
The cash drain from receivables and inventory now exceeds the company's entire market value. Revenue fell 26%, profit dropped 60%, and the auditor still signed off.
Spice Lounge's IT pivot now drives 80% of revenue, but the base is tiny
Software and IT services delivered 50% topline growth to ₹158.42 crore in FY26. The food division shrank.
JM Financial's profit jumps 55% even as revenue shrinks
Finance costs fell 23%, funding a ₹167 crore dividend despite a 6.5% revenue drop.
Rana Sugars' sugar business lost ₹46.5 cr. A one-time gain hid the damage.
Full-year profit fell 30% to ₹23.81 cr. A ₹32.38 cr impairment reversal kept the company from a near-breakeven result.
Rapid Investments swings to a Q4 loss as full-year profit drops 55%
The nano-cap posted a quarterly net loss of ₹15.38 lakhs, a reversal from a ₹22.93 lakh profit a year ago. Full-year profit fell to ₹15.89 lakhs even as revenue grew 20%.