Krishna Filament Industries Reports Net Loss of ₹0.35 Lakh in FY26 as Revenue Slips
Krishna Filament Industries reported a net loss of ₹0.35 lakh for FY26, reversing a profit of ₹0.55 lakh in FY25, as total income declined to ₹8.00 lakh from ₹8.56 lakh with no revenue from operations. Total assets stood at ₹71.16 lakh with cash improving to ₹3.97 lakh, while total equity remained deeply negative at ₹(284.62) lakh. Statutory auditors issued an unmodified opinion, and the trading window is set to reopen on May 19, 2026.
*this image is generated using AI for illustrative purposes only.
Krishna Filament Industries Limited reported its audited financial results for the quarter and year ended March 31, 2026, at a Board of Directors meeting held on May 16, 2026. The company recorded a net loss of ₹0.35 lakh for the full financial year, reversing a net profit of ₹0.55 lakh in the previous year. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the Audit Committee prior to board approval.
Financial Performance: FY26 vs FY25
The company's total income for FY26 stood at ₹8.00 lakh, a decline from ₹8.56 lakh in FY25. Notably, the entire income in both years was derived from other income, with no revenue from operations recorded in either period. Total expenses increased marginally to ₹8.35 lakh in FY26 from ₹8.01 lakh in FY25, resulting in a pre-tax and post-tax loss of ₹0.35 lakh for the year. No tax expense, exceptional items, or extraordinary items were recorded in either year.
The following table summarises the key annual financial metrics:
| Metric: | FY26 (Audited) | FY25 (Audited) |
|---|---|---|
| Revenue from Operations: | — | — |
| Other Income: | ₹8.00 lakh | ₹8.56 lakh |
| Total Income: | ₹8.00 lakh | ₹8.56 lakh |
| Employee Benefit Expense: | ₹2.40 lakh | ₹2.40 lakh |
| Other Expenses: | ₹5.95 lakh | ₹5.61 lakh |
| Total Expenses: | ₹8.35 lakh | ₹8.01 lakh |
| Net Profit / (Loss) After Tax: | (₹0.35 lakh) | ₹0.55 lakh |
| Basic EPS (₹10 face value): | (₹0.00) | ₹0.01 |
| Diluted EPS (₹10 face value): | (₹0.00) | ₹0.01 |
Quarterly Performance
For the quarter ended March 31, 2026, the company reported a net loss of ₹1.66 lakh, an improvement compared to a net loss of ₹2.07 lakh in the corresponding quarter of the previous year. Total expenses for Q4 FY26 stood at ₹1.66 lakh, comprising employee benefit expenses of ₹0.60 lakh and other expenses of ₹1.06 lakh. No income from operations was recorded during any of the reported quarters.
| Metric: | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) |
|---|---|---|---|
| Total Income: | — | — | — |
| Employee Benefit Expense: | ₹0.60 lakh | ₹0.60 lakh | ₹0.60 lakh |
| Other Expenses: | ₹1.06 lakh | ₹1.40 lakh | ₹1.47 lakh |
| Total Expenses: | ₹1.66 lakh | ₹2.00 lakh | ₹2.07 lakh |
| Net Loss After Tax: | (₹1.66 lakh) | (₹2.00 lakh) | (₹2.07 lakh) |
| Basic / Diluted EPS: | (₹0.02) | (₹0.03) | (₹0.03) |
Balance Sheet Highlights
As at March 31, 2026, the company's total assets stood at ₹71.16 lakh, marginally higher than ₹70.90 lakh as at March 31, 2025. Cash and cash equivalents improved to ₹3.97 lakh from ₹2.34 lakh in the prior year. However, total equity remained deeply negative at ₹(284.62) lakh, reflecting accumulated losses, with equity share capital of ₹778.63 lakh offset by other equity of ₹(1,063.25) lakh. Non-current borrowings remained unchanged at ₹284.65 lakh.
| Balance Sheet Item: | 31.03.2026 (Audited) | 31.03.2025 (Audited) |
|---|---|---|
| Property, Plant & Equipment: | ₹31.25 lakh | ₹31.25 lakh |
| Total Non-Current Assets: | ₹67.19 lakh | ₹68.56 lakh |
| Cash and Cash Equivalents: | ₹3.97 lakh | ₹2.34 lakh |
| Total Current Assets: | ₹3.97 lakh | ₹2.34 lakh |
| Total Assets: | ₹71.16 lakh | ₹70.90 lakh |
| Equity Share Capital: | ₹778.63 lakh | ₹778.63 lakh |
| Other Equity: | ₹(1,063.25) lakh | ₹(1,062.91) lakh |
| Total Equity: | ₹(284.62) lakh | ₹(284.28) lakh |
| Non-Current Borrowings: | ₹284.65 lakh | ₹284.65 lakh |
| Total Non-Current Liabilities: | ₹288.51 lakh | ₹288.51 lakh |
| Total Current Liabilities: | ₹67.27 lakh | ₹66.66 lakh |
| Total Equity and Liabilities: | ₹71.16 lakh | ₹70.90 lakh |
Cash Flow and Audit Observations
The company generated net cash inflow from operating activities of ₹1.63 lakh in FY26, compared to a net cash outflow of ₹0.16 lakh in FY25. Cash and cash equivalents at the end of FY26 stood at ₹3.97 lakh, up from ₹2.34 lakh at the beginning of the year. No cash flows from financing activities were recorded during the year. Statutory auditors M/s. P R Agarwal & Awasthi (FRN: 117940W) issued an unmodified audit opinion on the standalone financial statements for the year ended March 31, 2026, and confirmed that the company's internal financial controls over financial reporting were operating effectively in all material respects. The auditors also noted that the company has no pending litigations impacting its financial position, no undisputed statutory dues in arrears, and has not declared or paid any dividend during the year. The trading window for dealing in the company's securities by designated persons is scheduled to reopen on May 19, 2026.
Historical Stock Returns for Krishna Filament Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | -9.55% | +20.32% | -19.10% | +65.92% |
With zero revenue from operations for two consecutive years and deeply negative equity of ₹(284.62) lakh, what restructuring or revival plan does Krishna Filament Industries have to restore operational activity and achieve solvency?
Given that non-current borrowings have remained frozen at ₹284.65 lakh without any repayment or new financing activity, what are the terms and conditions of these loans, and is the company at risk of lender action or insolvency proceedings?
As accumulated losses continue to erode other equity further to ₹(1,063.25) lakh, how long can the company sustain its listing status given SEBI and stock exchange compliance requirements for financially distressed companies?
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