Shree Rama Newsprint Q2 FY27 Loss Widens to ₹1,082 Cr; Going Concern Doubt
Shree Rama Newsprint reported a total comprehensive loss of ₹1,082.49 lakhs for Q2 FY27, compared to ₹1,019.85 lakhs in Q2 FY26. For the half-year ended Sep 30, 2026, the total comprehensive loss was ₹2,129.34 lakhs. Auditors raised concerns about the company's going concern ability due to significant current liabilities exceeding current assets.
The material uncertainty regarding the company's going concern status and the significant increase in losses are critical factors that will heavily impact investor confidence and the company's future operations.
The company reported significant losses for the quarter and half-year, and auditors have raised concerns about its ability to continue as a going concern, indicating a negative financial outlook.
Shree Rama Newsprint Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors considered and approved these results in a meeting held on November 5, 2026, which commenced at 10:45 AM and concluded at 11:15 AM.
For the quarter ended September 30, 2026, the company reported a total income of ₹973.82 lakhs and total expenses of ₹1,880.50 lakhs, resulting in a loss before tax from continuing operations of ₹906.68 lakhs. The loss for the quarter from discontinued operations was ₹175.81 lakhs. The total comprehensive loss for the quarter was ₹1,082.49 lakhs.
For the half-year ended September 30, 2026, the company reported a total income of ₹2,112.65 lakhs and total expenses of ₹3,957.51 lakhs. This led to a loss before tax from continuing operations of ₹1,844.86 lakhs. The loss from discontinued operations for the half-year was ₹287.54 lakhs. The total comprehensive loss for the half-year amounted to ₹2,129.34 lakhs.
The company's auditors, Batliboi & Purohit, have highlighted a material uncertainty regarding the company's ability to continue as a going concern. As of September 30, 2026, current liabilities exceeded current assets by ₹16,047.59 lakhs. The company plans to dispose of certain non-core assets to improve its financial position.
Furthermore, the auditors noted that during the financial year 2022-23, the Paper Division was classified as a discontinued operation. An impairment loss of ₹2,784.33 lakhs was recognized in the year ended March 31, 2026, related to the assets of this division. The company continues to dispose of these assets on a piecemeal basis.
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Shree Rama Newsprint Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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