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Eurotex Industries Reports Q3 Net Loss of ₹103 Lakhs Amid Negligible Operations
Eurotex Industries continues to struggle with its manufacturing plants at Kolhapur remaining closed since 2019 due to labor disputes. For the quarter ended December 31, 2025, the company reported a net loss of ₹103.44 lakhs, widening from a loss of ₹77.08 lakhs in the previous year. Revenue from operations remains nearly non-existent at just ₹1.78 lakhs, with the company relying on 'Other Income' to sustain minimal activities. While the company has settled bank dues, it is currently pivoting toward real estate development of its land parcels while awaiting legal resolutions regarding labor issues.
Key Highlights
Revenue from operations stood at a negligible ₹1.78 lakhs for Q3 FY26.
Net loss for the quarter widened to ₹103.44 lakhs compared to a loss of ₹77.08 lakhs in Q3 FY25.
Other income fell sharply to ₹45.72 lakhs from ₹182.00 lakhs in the corresponding quarter last year.
The company's manufacturing plants remain closed, and a writ petition regarding labor dues is pending before the Hon'ble High Court, Mumbai.
Negative 'Other Equity' of ₹3,749.92 lakhs indicates significant erosion of the company's net worth.
💼 Action for Investors
Investors should remain extremely cautious as the company has no active manufacturing operations and a negative net worth. The stock is highly speculative, with value tied entirely to potential real estate monetization and the outcome of ongoing litigation.
Eurotex Industries Reports No Fund Deviation; Net Worth Deepens to Negative Rs 29.47 Crore
Eurotex Industries has filed a routine statement confirming no deviation in fund usage for the quarter ended December 31, 2025, as no fresh capital was raised. However, the accompanying Net Worth Certificate reveals a concerning financial trend with net worth further deteriorating to negative Rs. 2,946.73 lacs as of March 31, 2025. This marks a steady decline from negative Rs. 2,026.77 lacs in 2023. The company's paid-up capital remains unchanged at Rs. 874.02 lacs, while accumulated losses have increased reserves to negative Rs. 3,820.75 lacs.
Key Highlights
No material deviation reported under Regulation 32 as no Rights or Preferential Issues were conducted.
Net worth as of March 31, 2025, stands at negative Rs. 2,946.73 lacs.
Net worth has eroded significantly from negative Rs. 2,026.77 lacs in 2023 to negative Rs. 2,946.73 lacs in 2025.
Reserves and Surplus (excluding revaluation) reached negative Rs. 3,820.75 lacs in FY2025.
Paid-up capital has remained stagnant at Rs. 874.02 lacs for the last three financial years.
💼 Action for Investors
Investors should be extremely cautious as the company's net worth is deeply negative and continues to erode, indicating severe financial distress. The persistent losses and lack of capital infusion suggest a high risk of insolvency or business disruption.