Standalone Hua Toofani, Par Consolidated Mein Lagne Laga Dard
63 Moons Technologies ke Q3 FY26 ke results aa gaye hain, aur yeh kahani do hisson mein hai. Ek taraf, company ne standalone basis par zabardast performance dikhaya hai. Operations se revenue 211% jump karke ₹2,064.56 Lakhs ho gaya. Pichhle saal isi quarter mein jo ₹193.16 Lakhs ka loss tha, woh ab profit mein badal gaya hai, aur company ne ₹96.36 Lakhs ka Net Profit kamaya hai. Standalone EPS bhi ₹(2.11) se sudhar kar ₹0.21 ho gaya hai.
Nine months ki baat karein toh standalone revenue 224% badhkar ₹6,123.90 Lakhs pohanch gaya, aur profit ₹2,060.50 Lakhs raha.
Consolidated Picture: Losses Widen, Auditor's Red Flag!
Lekin, jab consolidated results dekhte hain toh picture thodi alag hai. Consolidated revenue 127% badhkar ₹2,664.02 Lakhs hua, par net loss from continuing operations ₹3,182.76 Lakhs tak pahunch gaya, jo pichhle saal ₹2,631.26 Lakhs tha. Consolidated EPS bhi ₹(3.62) se girkar ₹(4.29) ho gaya. Nine months ka consolidated net loss bhi ₹7,807.75 Lakhs ho gaya hai.
Is sab mein, company ne exceptional items mein ₹(750.00) Lakhs ka write-off bhi kiya hai, jo IL&FS Transportation Networks Ltd. aur Yes Bank AT-1 Bonds mein investments se related hai. Naye labour codes ki wajah se employee costs bhi badhe hain.
Auditor Bole: "Hum Kuch Nahi Keh Sakte!"
Sabse badi baat yeh hai ki statutory auditors ne ek 'qualified conclusion' diya hai. Iska matlab hai ki woh company ke extensive ongoing litigation aur regulatory matters ke karan financial results ke future impact par koi guarantee nahi de sakte. Company par NSEL payment defaults aur doosre financial instruments ko lekar civil suits, FIRs, charge-sheets, aur EOW, CBI, ED, SFIO jaise agencies ke investigations chal rahe hain. Auditors ne saaf kaha hai ki woh in uncertainties ke consequences par comment karne mein asamarth hain.
Kya Hai Aage Ka Rasta?
Company ne National Spot Exchange Limited (NSEL) ke liye ek scheme mein participate karne ka approve kiya hai, jisme ₹1,950 Crore ka settlement karna hai. Sath hi, court ne company ko ₹9,307.86 Lakhs ka accumulated dividend distribute karne se rok rakha hai jab tak final court decisions nahi aate.
Management apni position defend karne ko lekar confident hai, par auditors ka yeh stance shareholders ke liye ek bada 'red flag' hai. Investors ko ab company ki standalone recovery ko, consolidated losses aur is bade legal baggage ke saamne rakh kar soch-samajh kar faisla lena hoga.