Auditor ne kyun kiya 'Going Concern' par sawaal?
Shyam Telecom ke latest Q3 FY26 results ke saath, auditor Padam Dinesh & Co. ne ek report di hai jo sabko dara rahi hai. Unhone clearly kaha hai ki company ka 'going concern' status uncertain hai. Iska matlab hai ki company apni liabilities ko meet kar paayegi ya nahi, is par bade sawaal hain.
Auditor ne specific points bataye hain: company ka net worth poora erode ho chuka hai, current quarter mein net cash loss hua hai, aur current liabilities current assets se bohot zyada hain. Ye sab milkar dikha raha hai ki company financial distress mein hai.
Q3 FY26 Results ka Sach
Chalo numbers dekhte hain. Q3 FY26 mein, Revenue from Operations sirf ₹5.07 Lakhs raha, jo pichhle saal Q3 FY25 ke ₹25.56 Lakhs se bohot kam hai. 'Other Income' thoda badh kar ₹56.50 Lakhs ho gaya, lekin Total Revenue Q3 FY25 ke ₹64.16 Lakhs se ghat kar ₹61.57 Lakhs ho gaya. Expenses bhi ₹45.66 Lakhs ho gaye (pichhle saal ₹43.79 Lakhs). Is wajah se, Q3 FY26 mein Net Loss ₹27.38 Lakhs raha, jo pichhle saal ke ₹41.14 Lakhs se kam hai. Basic EPS bhi ₹(0.24) ho gaya (pichhle saal ₹(0.37)).
9 Mahine ka Haal Bhi Kharab
Jab 9 mahine (9M FY26) ka figure dekhte hain, toh situation aur bhi kharab lagti hai. Revenue from Operations gir kar sirf ₹15.75 Lakhs reh gaya, jo 9M FY25 ke ₹75.56 Lakhs se bohot zyada kam hai. Total Revenue bhi ₹461.56 Lakhs se ghat kar ₹271.35 Lakhs ho gaya. Lekin sabse badi baat yeh hai ki Total Expenses bohot tezi se badh kar ₹491.94 Lakhs ho gaye, jo pichhle saal ₹139.99 Lakhs the. Iska result ye hua ki 9 mahine ka Net Loss bohot zyada badh kar ₹466.51 Lakhs ho gaya, jo pichhle saal ₹125.68 Lakhs tha. EPS bhi ₹(4.14) ho gaya (pichhle saal ₹(1.14)).
Company ka Paid-up Equity Share Capital ₹1127 Lakhs par same raha hai.
Aage Kya?
Management ne koi forward-looking statements ya guidance nahi di hai. Poora focus auditor ki warning par hai. Company ki financial health par bade sawaal uth rahe hain, aur investors ko soch samajhkar decision lena hoga.