Whalesbook
FY26 Mein Kaisa Raha Landmarc Leisure Ka Performance?
Toh bhai log, Landmarc Leisure ka FY26 ka poora picture dekhte hain. Poore saal mein company ne ₹35.65 Lakh ka revenue generate kiya, lekin ₹65.41 Lakh ka net loss ho gaya. Is hisaab se basic EPS bhi ₹(674.20) ke neeche chala gaya.
Q4 Mein Thodi Umeed?
Haan, ek achhi baat ye hai ki Q4 FY26 mein thoda recovery dikha. Is quarter mein revenue ₹24.87 Lakh raha aur company ne ₹4.29 Lakh ka profit bhi kamaya, jisse EPS ₹44.19 ho gaya.
Lekin, Asli Tension Toh Yahaan Hai! (Auditor's Warning)
Magar ruk jao, yahaan asli drama hai. Auditors ne company ki financial health par serious sawal utha diye hain. Sabse bada point hai 'going concern' risk. Iska matlab hai ki future mein company apna kaam-kaaj continue kar paayegi ya nahi, iss par sandeh hai. Yeh ek critical red flag hai investors ke liye.
IBC Ka Khel Aur Fasa Paisa
Iske alawa, company ne ₹40 crore se zyada ke loans aur deposits un parties ko diye hain jo ab Insolvency and Bankruptcy Code (IBC) ke tahat resolution ya liquidation mein hain. Isme ₹455.87 Lakh ka interest-free loan aur ₹2,218.28 Lakh ka doubtful debt advance shamil hai. Ye paise wapas aayenge ya nahi, ye ek bada risk hai. Saath hi, in loans aur deposits ke terms bhi regularize nahi hain aur in par interest income bhi recognize nahi kiya gaya hai.
Business Shift Aur Funding Ka Plan
Company apna focus Wellness se hatakar Films, Media aur TV business par laa rahi hai. Pichhle saal October 2025 mein unhone ₹19.98 crore ka preferential issue bhi kiya tha, shayad working capital aur business expansion ke liye.
Auditors Ki Report Mein Kuch Gadbad?
Aur toh aur, auditors ki report mein bhi thoda confusion hai, kahin unmodified toh kahin modified opinion dikh raha hai, jo ambiguity create karta hai. Gratuity provision bhi management estimates par based hai, actual shortfall clear nahi hai.
Aage Kya Track Karna Hai?
Investors ke liye ye 'going concern' warning matlab uncertainty badh gayi hai. IBC mein fasa paisa recovery aur loans ke terms regularize karna management ke liye challenge hoga. Is sabke beech business shift karna aur auditor ki report ki ambiguity resolve karna bhi dekho na hoga.