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Next Mediaworks Q3 Net Loss at ₹1.03 Cr; Company Declared No Longer a Going Concern
Next Mediaworks reported a net loss of ₹1.03 crore for the quarter ended December 31, 2025, with zero revenue from operations. The company's financial health is critical as its net worth is fully eroded due to accumulated losses and high finance costs of ₹1.14 crore. Most significantly, management and auditors have explicitly stated that the company is no longer a 'going concern' due to a lack of business operations and definitive future plans. The company faces uncertainty regarding its ability to settle inter-corporate borrowings due in August 2027.
Key Highlights
Revenue from operations was Nil for the quarter and nine months ended December 31, 2025
Net loss for the quarter stood at ₹1.03 crore compared to a loss of ₹1.15 crore in the previous quarter
Finance costs of ₹1.14 crore accounted for the bulk of total expenses of ₹1.20 crore
Auditors issued an 'Emphasis of Matter' stating the going concern assumption is no longer appropriate
Total comprehensive loss for the nine-month period ended December 31, 2025, reached ₹7.50 crore
💼 Action for Investors
Investors should exercise extreme caution as the company has no active business operations and its net worth is completely eroded. The formal declaration that the company is no longer a going concern suggests a high risk of total investment loss.