Konark Synthetic Ltd (514128)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Konark Synthetic's revenue was ₹11.1 Cr (-9.5% year on year, -8.3% on the previous quarter), and net profit ₹0.1 Cr (against a loss a year earlier); the operating margin was 4.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹11.1 | -9.5% | -8.3% |
| Operating profit | ₹0.5 | -4.9% | +60.7% |
| Net profit | ₹0.1 | from loss | from loss |
| EPS (₹) | 0.12 | from loss | from loss |
| Operating margin | 4.2% | — | — |
📢 Recent Corporate Announcements
Konark Synthetic reported standalone revenue from operations of Rs 1,113.61 lakh (Rs 11.14 cr) for the quarter ended June 30, 2026, down from Rs 1,215.05 lakh in the preceding quarter. The company posted a standalone net profit of Rs 7.01 lakh, improving from a net loss of Rs 5.90 lakh in Q4 FY26, resulting in a basic EPS of Rs 0.12. However, statutory auditors highlighted critical ongoing overhangs, including Rs 27.06 cr in corporate guarantees issued for insolvent subsidiary India Denim Ltd (which exceeds Konark's net worth of Rs 23 cr). Furthermore, Rs 497.83 lakh in net trade receivables remains exposed to Mudra Denims, which is also under insolvency resolution.
- Q1 Revenue from operations stood at Rs 1,113.61 lakh compared to Rs 1,215.05 lakh in Q4 FY26
- Net profit turned positive to Rs 7.01 lakh vs a net loss of Rs 5.90 lakh in the previous quarter
- Auditor highlighted outstanding corporate guarantee of Rs 2,706.00 lakh (Rs 27.06 cr) for NPA subsidiary India Denim Ltd under CIRP
- Receivables include Rs 711.18 lakh from insolvent entity Mudra Denims, against which total impairment provision stands at Rs 213.35 lakh
- Quarterly EPS stood at Rs 0.12 with paid-up equity share capital of Rs 580.80 lakh
Konark Synthetic reported standalone Q1 revenue from operations of Rs 1,113.61 lakh, down 9.5% YoY compared to Rs 1,230.08 lakh in the previous year quarter. Net profit improved to Rs 7.01 lakh against a net loss of Rs 0.95 lakh in Q1 FY26, yielding an EPS of Rs 0.12. Statutory auditors raised significant emphasis of matter regarding a Rs 2,706.00 lakh (Rs 27.06 cr) corporate guarantee given for subsidiary India Denim Limited, which is under CIRP and NPA status, exceeding the company's net worth. In addition, trade receivables include Rs 711.18 lakh from Mudra Denims (under CIRP) with Rs 497.83 lakh remaining unprovided.
- Q1 standalone revenue from operations reported at Rs 1,113.61 lakh vs Rs 1,230.08 lakh in Q1 FY26.
- Turned profitable with standalone net profit of Rs 7.01 lakh vs a net loss of Rs 0.95 lakh YoY.
- Auditors flagged Rs 2,706.00 lakh corporate guarantee for insolvent subsidiary India Denim Ltd, exceeding company net worth.
- Unprovided exposure of Rs 497.83 lakh remains on Rs 711.18 lakh receivables from insolvent debtor Mudra Denims.
Konark Synthetic Ltd has scheduled a board meeting on August 14, 2026, to consider and approve its standalone unaudited financial results for the quarter ended June 30, 2026. The company is currently navigating a challenging financial period, having reported a net loss of ₹3.41 crore in FY25 against a revenue of ₹46.74 crore. With a market capitalization of only ₹27 crore and debt of ₹30 crore (D/E 1.33), the upcoming results are critical for assessing liquidity and operational recovery. The trading window for insiders remains closed until August 16, 2026.
- Board meeting scheduled for August 14, 2026, to review Q1 FY27 performance
- Trading window closed from July 1, 2026, to August 16, 2026, for all designated persons
- Company reported a significant net loss of ₹3.21 crore in the most recent March 2025 quarter
- TTM revenue stands at ₹47 crore with a low operating profit margin of 5.0%
Konark Synthetic Ltd has scheduled a board meeting on August 14, 2026, to approve its standalone unaudited financial results for the quarter ended June 30, 2026. The company is currently navigating a challenging financial period, having reported a net loss of ₹3.41 crore in FY25 against a revenue of ₹46.74 crore. The trading window for insiders has been closed since July 1, 2026, and will reopen on August 17, 2026. Investors will be looking for signs of recovery after the company reported a significant loss of ₹3.21 crore in the March 2025 quarter.
- Board meeting scheduled for August 14, 2026, to review Q1 FY27 results
- Trading window for designated persons closed from July 1, 2026, to August 16, 2026
- Company reported a TTM revenue of ₹47 crore with a net loss of ₹3 crore
- Debt-to-Equity ratio stands at 1.33 as per latest available annual data
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