Alliance Integrated Metaliks FY26 net loss widens to ₹9,544 lakh
Alliance Integrated Metaliks Limited reported a widened net loss of ₹9,544.14 lakh for FY26 compared to ₹7,264.03 lakh in FY25, with revenue from operations declining to ₹7,581.11 lakh. The auditors highlighted a material uncertainty regarding the company's ability to continue as a going concern due to accumulated losses and NPAs. The board approved the audited financial results for the quarter and year ended March 31, 2026.

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Alliance Integrated Metaliks Limited reported a widened net loss of ₹9,544.14 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹7,264.03 lakh in the previous year. The company's revenue from operations declined to ₹7,581.11 lakh in FY26 from ₹8,983.12 lakh in FY25, reflecting continued operational challenges amidst significant financial stress.
For the quarter ended March 31, 2026, the company recorded a net loss of ₹2,743.96 lakh on a total income of ₹1,745.02 lakh. The board of directors, in its meeting held on May 26, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The meeting also approved the re-appointment of M/S D.C. Chhajed & Associates as the Internal Auditor for FY27.
The financial statements have been prepared on a going concern basis, though auditors have highlighted a material uncertainty regarding the company's ability to continue as a going concern. This is due to accumulated losses of ₹35,900.70 lakh, negative net worth, and current liabilities exceeding current assets. Additionally, loans amounting to ₹58,114.41 lakh, including accrued interest, have been classified as Non-Performing Assets (NPA) by lenders.
Auditors from Chatterjee & Chatterjee Chartered Accountants issued a qualified opinion, noting that trade payables, trade receivables, and term loan accounts are subject to reconciliation and confirmation. The impact of these adjustments is not currently ascertainable. The auditors also drew attention to a provisional attachment order by the Directorate of Enforcement regarding certain immovable properties and promoter shares, though the company stated this does not affect business operations.
Financial Performance for FY26
| Particulars | Year Ended March 31, 2026 (₹ in Lakhs) | Year Ended March 31, 2025 (₹ in Lakhs) |
|---|---|---|
| Total Income | 7,581.11 | 8,983.12 |
| Total Expenses | 17,118.06 | 16,259.97 |
| Net Profit/(Loss) | (9,544.14) | (7,264.03) |
| Basic EPS (₹) | (2.42) | (1.84) |
The company noted that it is actively engaged in discussions with lenders for debt resolution under One-Time Settlement (OTS) proposals. Despite the financial headwinds, the board cited positive EBITDA, government infrastructure thrust, and an encouraging order book as reasons supporting the going concern assumption.
Historical Stock Returns for Alliance Integrated Metaliks
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.61% | +3.80% | +1.23% | -15.90% | -58.69% | +215.38% |
What is the likelihood of the lenders approving the One-Time Settlement (OTS) proposals given the magnitude of the NPAs?
How will the provisional attachment order by the Directorate of Enforcement impact the company's ability to raise fresh capital or secure new loans?
Can the positive EBITDA and current order book be sustained long enough to reverse the negative net worth trend?































