New Markets Avenue reports FY26 loss of ₹31.75 lakh
New Markets Avenue Limited reported a net loss of ₹31.75 lakh for FY26, reversing the previous year's profit of ₹1.64 lakh. Revenue from operations decreased to ₹19.25 lakh, while total expenses increased to ₹51.34 lakh. The Board approved the audited results on May 28, 2026, and statutory auditors issued an unmodified opinion. The company confirmed no deviation in the utilization of ₹5.02 crore raised via a preferential issue.
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New Markets Avenue Limited reported a net loss of ₹31.75 lakh for the financial year ended March 31, 2026, reversing the net profit of ₹1.64 lakh recorded in the previous year. The company's revenue from operations fell to ₹19.25 lakh in FY26 from ₹20.90 lakh in FY25. Total expenses for the year increased significantly to ₹51.34 lakh, compared to ₹19.26 lakh in the prior year, primarily driven by higher employee benefit costs and other expenses.
The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The statutory auditors, Suvarna & Katdare, Chartered Accountants, issued an unmodified opinion on the annual audited financial results. The company also disclosed a statement on deviation or variation of funds under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming no deviation in the utilization of funds raised via a preferential issue in November 2025.
Financial Performance for FY26
The company's financial performance for the year reflects a contraction in top-line growth and a widening of losses. For the quarter ended March 31, 2026, the company reported a net loss of ₹12.58 lakh, with revenue from operations remaining nil. Other income for the quarter stood at ₹0.34 lakh.
| Particulars | Year ended 31.03.2026 (₹ in Lakhs) | Year ended 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from operations | 19.25 | 20.90 |
| Total revenue | 19.59 | 20.90 |
| Total expenses | 51.34 | 19.26 |
| Profit/(Loss) for the Period | (31.75) | 1.64 |
| Earnings Per Share (Basic) | (0.64) | 0.13 |
Capital Structure and Fund Utilization
During the financial year, the company issued 90,00,000 warrants at an issue price of ₹10 per warrant. As of the reporting date, 37,00,000 warrants were converted into equity shares, while 53,00,000 warrants remained unconverted. Consequently, the paid-up equity share capital increased to ₹626.50 lakh as of March 31, 2026, from ₹124.00 lakh in the previous year.
The company raised ₹5,02,50,000 through a preferential issue on November 27, 2025. The funds were utilized for working capital requirements and pre-operative expenses, totaling ₹1,98,15,238 as of March 31, 2026. The statement on deviation or variation confirmed that there was no deviation in the use of funds raised.
Historical Stock Returns for New Markets Avenue
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.96% | +15.67% | +25.08% | +176.75% | +176.75% | +176.75% |
What specific strategies will management implement to reverse the trend of rising expenses, particularly employee benefit costs?
How does the company plan to utilize the remaining unutilized funds from the preferential issue to generate future revenue?
What is the likelihood of the remaining 53,00,000 warrants being converted into equity, and how might this impact dilution for existing shareholders?
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