Nivaka Fashions Ltd (542206)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Nivaka Fashions' revenue was ₹0.0 Cr (-97.0% year on year, -20.0% on the previous quarter), and net profit ₹-3.6 Cr (against a profit a year earlier); the operating margin was -8875.0%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | -97.0% | -20.0% |
| Operating profit | ₹-3.5 | to loss | loss widened |
| Net profit | ₹-3.6 | to loss | loss widened |
| EPS (₹) | -0.35 | to loss | loss widened |
| Operating margin | -8875.0% | — | — |
📢 Recent Corporate Announcements
Nivaka Fashions announced that Mr. Mitesh Ajit Thakkar has resigned from his positions as Chief Financial Officer (CFO) and Executive Director, effective October 7, 2026. The resignation is cited to be due to preoccupation with work and other professional commitments. The departure comes amid stressed financial performance, with the company reporting a net loss of Rs 5.21 crore on negligible revenue of Rs 0.18 crore in FY26.
- Mr. Mitesh Ajit Thakkar resigned as CFO and Executive Director effective October 7, 2026
- Reason cited was preoccupation with work and other evolving professional commitments
- Company reported an annual net loss of Rs 5.21 crore against revenue of Rs 0.18 crore for FY26
Nivaka Fashions announced that Mr. Mitesh Ajit Thakkar has resigned from his positions as Chief Financial Officer (CFO) and Executive Director, effective October 7, 2026. The resignation is cited to be due to preoccupation with work and other professional commitments. The departure comes amid stressed financial performance, with the company reporting a net loss of Rs 5.21 crore on negligible revenue of Rs 0.18 crore in FY26.
- Mr. Mitesh Ajit Thakkar resigned as CFO and Executive Director effective October 7, 2026
- Reason cited was preoccupation with work and other evolving professional commitments
- Company reported an annual net loss of Rs 5.21 crore against revenue of Rs 0.18 crore for FY26
Nivaka Fashions announced that Mr. Mitesh Ajit Thakkar has resigned from his positions as Chief Financial Officer (CFO) and Executive Director, effective October 7, 2026. The resignation is cited to be due to preoccupation with work and other professional commitments. The departure comes amid stressed financial performance, with the company reporting a net loss of Rs 5.21 crore on negligible revenue of Rs 0.18 crore in FY26.
- Mr. Mitesh Ajit Thakkar resigned as CFO and Executive Director effective October 7, 2026
- Reason cited was preoccupation with work and other evolving professional commitments
- Company reported an annual net loss of Rs 5.21 crore against revenue of Rs 0.18 crore for FY26
Nivaka Fashions announced that Mr. Mitesh Ajit Thakkar has resigned from his positions as Chief Financial Officer (CFO) and Executive Director, effective October 7, 2026. The resignation is cited to be due to preoccupation with work and other professional commitments. The departure comes amid stressed financial performance, with the company reporting a net loss of Rs 5.21 crore on negligible revenue of Rs 0.18 crore in FY26.
- Mr. Mitesh Ajit Thakkar resigned as CFO and Executive Director effective October 7, 2026
- Reason cited was preoccupation with work and other evolving professional commitments
- Company reported an annual net loss of Rs 5.21 crore against revenue of Rs 0.18 crore for FY26
Nivaka Fashions reported zero revenue from operations for the quarter ended June 30, 2026, with total revenue consisting solely of other operating income of ₹1.25 lakhs compared to ₹5.20 lakhs in Q1 FY26. Total expenses dropped sharply to ₹16.41 lakhs from ₹53.39 lakhs in the year-ago period and ₹364.35 lakhs in Q4 FY26, primarily due to lower other expenses and employee costs. Consequently, standalone net loss narrowed to ₹15.05 lakhs compared to a loss of ₹47.65 lakhs in Q1 FY26 and ₹361.14 lakhs in Q4 FY26. EPS for the quarter stood at ₹(0.01) versus ₹(0.05) in Q1 FY26.
- Revenue from operations stood at Nil for the quarter, compared to ₹1.04 lakhs in Q1 FY26
- Net loss narrowed to ₹15.05 lakhs from ₹47.65 lakhs in Q1 FY26 and ₹361.14 lakhs in Q4 FY26
- Total expenses declined to ₹16.41 lakhs compared to ₹53.39 lakhs in Q1 FY26
- Statutory auditor noted that balances of trade receivables, payables, advances, and deposits are subject to confirmations and reconciliation
Nivaka Fashions reported a standalone net loss of ₹15.05 lacs for the quarter ended June 30, 2026, compared to a net loss of ₹47.65 lacs in the year-ago period and a loss of ₹361.14 lacs in Q4 FY26. Total revenue was ₹1.25 lacs, driven entirely by other operating income, with zero revenue reported from core operations. Total expenses contracted to ₹16.41 lacs from ₹53.39 lacs in Q1 FY26, primarily driven by ₹10.21 lacs in employee costs. The statutory auditor issued an unqualified review report with a note on unconfirmed trade and deposit balances.
- Net loss for Q1 FY27 stood at ₹15.05 lacs versus a loss of ₹47.65 lacs in Q1 FY26
- Revenue from operations was ₹0.00, with total revenue at ₹1.25 lacs from other operating income
- Total expenses dropped to ₹16.41 lacs, including ₹10.21 lacs of employee benefit expenses
- Auditor ADV & Associates highlighted that trade receivables, payables, and advances are subject to confirmation and reconciliation
Nivaka Fashions has scheduled a board meeting for August 14, 2026, to consider and approve standalone unaudited financial results for the quarter ended June 30, 2026. The company is currently in a precarious financial position with FY26 revenue of just ₹0.19 cr and a net loss of ₹5.21 cr. With a market capitalization of only ₹4 cr and a negative operating margin of -2500%, these results are critical for assessing the company's survival. The stock has significantly underperformed, losing 87.7% of its value over the past 12 months.
- Board meeting scheduled for August 14, 2026, to review Q1 FY27 performance.
- Company reported a significant net loss of ₹3.61 cr in the previous quarter (March 2026).
- Annual FY26 revenue stands at a negligible ₹0.19 cr compared to a ₹4 cr market cap.
- Promoter holding has remained stagnant at 24.49% as of June 2026.
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