Eurotex Industries and Exports Ltd
Eurotex Industries Q2 FY27 Net Loss (109.93 Lakhs), Going Concern Uncertainty Noted
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 06 Nov 2026, 06:28 PM IST · BSE ID: 6fe6be3b-4e4b-44ae-9a9d-df4d11f9fe94
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported a net loss for the quarter, with auditors noting significant doubt about its ability to continue operations.
🤖 AI Summary
- Eurotex Industries reported a net loss of Rs. (109.93) Lakhs for Q2 FY27, down from a profit of Rs. 203.85 Lakhs in Q2 FY26.
- Total Income decreased significantly to Rs. 3.36 Lakhs in Q2 FY27 from Rs. 366.84 Lakhs in Q2 FY26.
- Auditors emphasized a material uncertainty related to the company's going concern basis due to eroded net worth and plant closures since 2019.
- The company filed review petitions against Supreme Court orders on electricity charges of Rs. 1680.26 Lakhs and electricity duty of Rs. 305.54 Lakhs.
- Manufacturing plants at Kolhapur remain closed since March 2022, with management planning future land development at Kolhapur.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Profit/ (Loss) for the period (Q2 FY27)
Rs. (109.93) Lakhs
Not comparable — limited prior period data.
Profit/ (Loss) for the period (Q2 FY26)
Rs. 203.85 Lakhs
Total Income (Q2 FY27)
Rs. 3.36 Lakhs
Not comparable — limited prior period data.
Total Income (Q2 FY26)
Rs. 366.84 Lakhs
Electricity charges wrongly demanded
Rs. 1680.26 Lakhs
Electricity duty on CPP generation
Rs. 305.54 Lakhs
🏢 How This Affects the Company
The cessation of manufacturing operations at Kolhapur since March 2019, formalized by closure in March 2022, means the company's primary business segment, Textiles (yarn), generates minimal revenue. Revenue from this segment was only Rs. 1.48 Lakhs in Q2 FY27.
The company recorded a net loss of Rs. (109.93) Lakhs in Q2 FY27, a decline from a profit of Rs. 203.85 Lakhs in Q2 FY26. The auditor's note on 'Material Uncertainty Related to Going Concern' indicates significant financial instability due to eroded net worth.
Operations of the manufacturing plants at Kolhapur were discontinued on March 25, 2019, and formally closed on March 30, 2022. This implies no significant manufacturing activity is ongoing, and the company is exploring real estate development of its land at Kolhapur.
The ongoing legal disputes regarding electricity charges of Rs. 1680.26 Lakhs and electricity duty of Rs. 305.54 Lakhs, where the Supreme Court has decided against the company, pose a substantial financial risk if review petitions fail. The 'going concern' emphasis from auditors highlights inherent business continuity risks.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the company's net loss of Rs. (109.93) Lakhs and the auditors' material uncertainty about the going concern status.
🔍
Management Signal
Management intends to address legal disputes through review petitions and is exploring alternative business avenues, specifically development of available land area at Kolhapur.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 financial results — monitor any progress on land development at Kolhapur.
Updates on review petitions for electricity charges and duty before the Supreme Court.
Further clarity on plans for yarn trading or other business activities.
HIGH RISK
Auditor's going concern uncertainty and substantial unresolved legal liabilities represent high financial risk.
💡 Investor Takeaway
Eurotex Industries reported a net loss of Rs. (109.93) Lakhs for Q2 FY27, a decline from a profit of Rs. 203.85 Lakhs in Q2 FY26. Total income fell from Rs. 366.84 Lakhs to Rs. 3.36 Lakhs YoY. Auditors noted material uncertainty about the company's going concern status.
⚖️ Strengths & Concerns
⚠️ Concerns
- Net loss of Rs. (109.93) Lakhs in Q2 FY27, compared to a profit of Rs. 203.85 Lakhs in Q2 FY26, reflects a significant deterioration in profitability.
- Auditors highlighted a material uncertainty regarding the company's going concern status due to eroded net worth and plant closure since March 2019.
📅 Company Track Record
Eurotex Industries' Board of Directors had a meeting on August 07, 2026, to approve Q1 FY27 financial results. The manufacturing plants at Kolhapur have been closed since March 30, 2022, following a halt in operations since March 25, 2019.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Eurotex Industries' net profit/loss for Q2 FY27?
Eurotex Industries reported a net loss of Rs. (109.93) Lakhs for the quarter ended September 30, 2026 (Q2 FY27).
What was the total income for Eurotex Industries in Q2 FY27?
The total income for Eurotex Industries in Q2 FY27 was Rs. 3.36 Lakhs, a decrease from Rs. 366.84 Lakhs in Q2 FY26.
What is the status of Eurotex Industries' manufacturing operations?
The operations of Eurotex Industries' manufacturing plants at Kolhapur were discontinued on March 25, 2019, and formally closed on March 30, 2022.
What is the significance of the auditors' 'Emphasis of Matter' regarding going concern?
The auditors highlighted a material uncertainty related to the company's ability to continue as a going concern, noting that the entire net worth has been eroded and manufacturing operations discontinued.
What are the amounts involved in the electricity charge disputes for Eurotex Industries?
The company has legal disputes over wrongly demanded electricity charges amounting to Rs. 1680.26 Lakhs and electricity duty on CPP generation of Rs. 305.54 Lakhs for earlier years.
Questions based on this BSE filing only. For information purposes.