Kiduja India Limited Reports Significant Loss for Q1, Raises Going Concern Issues
Kiduja India, an investment and securities firm, reported a significant loss of ₹1,624.27 crore for Q1 ended June 30, compared to a profit of ₹541.51 crore in the same quarter last year. Total income was ₹1,912.01 crore, while expenses surged to ₹3,536.28 crore. The company's net worth has been fully eroded due to continuous losses, raising going concern issues. Auditors highlighted material uncertainty, but financial statements were prepared on a going concern basis with promoters' assurance of continued financial support. Management remains committed to exploring new business opportunities despite challenges.