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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Nilachal Refractories Ltd

Nilachal Refractories Q2 FY27 Results: Rs. (92.57) Lakh Net Loss on Discontinued Operations

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 13 Nov 2026, 10:02 PM IST  ·  BSE ID: dbf9fb1e-1883-45f4-b09d-59fad1b8360d
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported a net loss of ₹(92.57) Lakh and auditors noted significant doubt about its future operations.
🤖 AI Summary
  • Nilachal Refractories reported a net loss of ₹(92.57) Lakh for the quarter ended September 30, 2026 (Q2 FY27).
  • The company recorded a profit/loss before tax from discontinued operations of ₹(83.92) Lakh for Q2 FY27.
  • Auditor's report notes material uncertainty regarding the company's ability to continue as a going concern.
  • An aggregate remeasurement/write-down loss of ₹243.34 Lakh was recognized in Q1 FY27 from assets held for sale.
  • Unredeemed 11% preference shares and unprovided cumulative dividends of ₹75.03 Lakh (up to Mar 2026) are highlighted.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Net Profit/(Loss) for the period (Total)
₹(92.57) Lakh
Net Profit/(Loss) after tax (Discontinued Operations)
₹(83.92) Lakh
Total Income (Discontinued Operations)
₹0.73 Lakh
Total Expenses (Discontinued Operations)
₹8.47 Lakh
Profit/(Loss) before tax (Discontinued Operations)
₹(7.74) Lakh
Aggregate remeasurement/write-down loss (Q1 FY27)
₹243.34 Lakh
Unprovided Cumulative Dividends (up to Mar 31, 2026)
₹75.03 Lakh
Unprovided Cumulative Dividends (H1 FY27)
₹0.82 Lakh
🏢 How This Affects the Company
📈
Business Impact
The company is transitioning out of manufacturing operations, which were classified as discontinued, and proposes to undertake activities in the ferro-alloys sector, requiring a new business plan implementation.
💰
Financial Impact
Nilachal Refractories recorded a net loss of ₹(92.57) Lakh in Q2 FY27. The company's liabilities include unredeemed 11% Redeemable Cumulative Preference Shares and unprovided cumulative dividends totaling ₹75.85 Lakh as of September 30, 2026.
⚙️
Operational Impact
Manufacturing operations are classified as discontinued, with agreements made for the sale of related Plant and Machinery, Capital Work-in-Progress, and inventories.
⚠️
Risk Impact
A material uncertainty exists regarding the company's ability to continue as a going concern, dependent on the successful implementation and cash generation of its proposed ferro-alloys business plan and adequate financing.
👥 What This Means For Shareholders
✅
Action Required
Shareholders are not required to take any immediate action based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the reported financial performance and the auditor's going concern note, as the company's ability to continue operations is uncertain without successful business transition.
🔍
Management Signal
Management is signaling a strategic shift away from manufacturing towards the ferro-alloys sector, while acknowledging the need for a successful implementation to ensure continued operations.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Q3 FY27 results — monitor progress on proposed ferro-alloys business plan.
Updates on asset disposal for discontinued manufacturing operations.
Further clarity on funding arrangements for the new business segment.
HIGH RISK Auditor's 'material uncertainty related to going concern' due to reliance on uncertain future business plan.
💡 Investor Takeaway
Nilachal Refractories reported a Q2 FY27 net loss of ₹(92.57) Lakh, impacted by discontinued operations. The auditor's review indicates a material uncertainty regarding the company's going concern status, contingent on its proposed ferro-alloys business plan and financing.
⚖️ Strengths & Concerns

⚠️ Concerns

  • The company reported a net loss of ₹(92.57) Lakh for Q2 FY27, indicating ongoing financial challenges.
  • Auditors identified a material uncertainty related to the company's ability to continue as a going concern, citing reliance on an uncertain future business plan.
📅 Company Track Record
Nilachal Refractories reported a ₹485.25 Lakh loss for FY26 with a negative net worth of ₹(3,279.16) Lakh, raising going concern doubts as per an April 2026 filing.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Nilachal Refractories' net profit/loss for Q2 FY27?
Nilachal Refractories reported a net loss of ₹(92.57) Lakh for the quarter ended September 30, 2026 (Q2 FY27).
What significant audit observations were made for Nilachal Refractories' Q2 FY27 results?
Auditors noted a material uncertainty regarding the company's ability to continue as a going concern, dependent on its proposed ferro-alloys business plan and financing.
What was the impact of discontinued operations on Nilachal Refractories' Q2 FY27 results?
The company's discontinued operations resulted in a profit/loss before tax of ₹(7.74) Lakh and a net profit/loss after tax of ₹(83.92) Lakh for Q2 FY27.
What write-down losses did Nilachal Refractories recognize in Q1 FY27?
Nilachal Refractories recognized an aggregate remeasurement/write-down loss of ₹243.34 Lakh in Q1 FY27, related to assets held for sale from discontinued manufacturing operations.
What unprovided liabilities were noted in Nilachal Refractories' Q2 FY27 results?
The company has unredeemed 11% Redeemable Cumulative Preference Shares and has not provided for cumulative dividends amounting to ₹75.03 Lakh up to March 31, 2026, and ₹0.82 Lakh for the half year ended September 30, 2026.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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