Terraform Magnum reports net loss in Q1FY27
Terraform Magnum Limited reported a net loss of ₹1.89 lakh for the quarter ended June 30, 2026, with zero income from operations. The Board approved the unaudited results on July 16, 2026, which are subject to limited review. Revenue recognition was deferred due to ongoing litigation regarding a Kandivali property.
*this image is generated using AI for illustrative purposes only.
Terraform Magnum Limited reported unaudited financial results for the quarter ended June 30, 2026, recording zero income from operations and a net loss of ₹1.89 lakh. The company's equity share capital remained unchanged at ₹24 lakh during the period. The results are subject to a limited review by the statutory auditor, J. D. Zatakia & Company, Chartered Accountants.
The Board of Directors reviewed and approved the unaudited financial results for the quarter ended June 30, 2026, in a meeting held on July 16, 2026. The financial statements have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015, and other recognized accounting practices. The company noted that it has deferred recognition of revenue under Ind AS 115 due to ongoing litigation concerning a property at Kandivali (East), where the assignee has allegedly committed defaults.
For the quarter ended June 30, 2026, the company reported a net loss of ₹1.89 lakh before tax and ₹1.89 lakh after tax. This compares to a net loss of ₹2.88 lakh before tax and ₹2.88 lakh after tax in the corresponding quarter of the previous year ended June 30, 2025. Total comprehensive income for the period stood at a loss of ₹1.89 lakh. The auditor highlighted a material uncertainty related to going concern as the net worth of the company continues to be negative, though the results were prepared on a going concern basis based on internal assessment.
Earnings per share (EPS) of ₹10 each, on a basic and diluted basis and not annualised, was reported at a loss of ₹0.79 for the quarter ended June 30, 2026. In the previous year's corresponding quarter, the EPS was a loss of ₹1.20. Other equity was reported at ₹0.00 for the current quarter, compared to ₹0.00 in the previous year's quarter.
Financial Summary
| Particulars | Quarter Ended 30-06-2026 (Unaudited) | Quarter Ended 30-06-2025 (Unaudited) | Year Ended 31-03-2026 (Audited) |
|---|---|---|---|
| Total income from operations | 0.00 | 0.00 | 0.00 |
| Net Profit / (Loss) for the period before tax | (1.89) | (2.88) | 9.58 |
| Net Profit / (Loss) for the period after tax | (1.89) | (2.88) | 9.58 |
| Total Comprehensive Income for the period | (1.89) | (2.88) | 9.58 |
| Equity Share Capital | 24.00 | 24.00 | 24.00 |
| Earnings Per Share (Basic) | (0.79) | (1.20) | 3.99 |
Historical Stock Returns for Terraform Magnum
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What is the expected timeline for the resolution of the Kandivali (East) property litigation, and how will its outcome impact future revenue recognition?
Given the auditor's emphasis on material uncertainty regarding the company's going concern status, what specific strategic measures does management plan to undertake to improve net worth?
With zero operational income for consecutive quarters, does the company have any new business pipelines or diversification plans to generate revenue in the near future?
20
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
